BRIEF-Crosstec Group Says Proposed Capital Reduction Of Issued Shares

Reuters2023-11-20

Nov 20 (Reuters) - CROSSTEC Group Holdings Ltd

* PROPOSED CAPITAL REDUCTION OF ISSUED SHARES AND SUB-DIVISION OF UNISSUED SHARES

* AFTER CAPITAL REDUCTION, EACH AUTHORIZED BUT UNISSUED SHARE WILL BE SUB-DIVIDED INTO 40 UNISSUED NEW SHARES WITH PAR VALUE OF HK$0.01 EACH

* CAPITAL REDUCTION INVOLVING REDUCTION OF PAR VALUE OF EACH OF ISSUED SHARE FROM HK$0.40 TO HK$0.01

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