Shareholders of Wanguo Gold Group (HKG:3939) will meet Oct. 28 to vote on the proposed increase in the company's authorized share capital, a Friday bourse filing said.
The company is looking to boost its authorized share capital to HK$1 billion divided into 10 billion shares by creating an additional 9 billion unissued shares.
The move comes about for the mining and ore processing company to have greater flexibility for future investments and fundraising.
Price (HKD): $9.12, Change: $-0.070, Percent Change: -0.76%
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