DYNASTY DIGITAL (00451) announced that in order to align with the group's business growth and provide greater flexibility for future fundraising, the board of directors has proposed increasing the company's authorized share capital to HK$500 million, divided into 6 billion shares, by adding an additional 3 billion unissued shares.
Once these newly added shares are issued and recorded as fully paid, they will rank equally with existing shares in all respects.
The board believes that increasing the authorized share capital is in the overall interest of the company and its shareholders.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments