CN ANCHU ENERGY (02399) announced that its board of directors intends to seek shareholder approval at the upcoming annual general meeting. The proposal, to be put forward as an ordinary resolution, aims to increase the company's authorized share capital from HK$100 million (divided into 4 billion shares) to HK$200 million (divided into 8 billion shares). This will be achieved by creating an additional 4 billion unissued shares. All the shares will carry equal rights in all respects.
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