China Hongguang (08646.HK): Proposed Increase in Authorized Share Capital

Zhito Finance APP News: China Hongguang (08646.HK) has announced that the board of directors of China Hongguang Holdings Limited (the Company, together with its subsidiaries, collectively the Group) proposes to increase the Company's authorized share capital from HK$10 million (divided into 1 billion shares of the Company with a par value of HK$0.01 each) to HK$20 million (divided into 2 billion shares) by adding an additional 1 billion shares, which, upon allotment and issue, will rank pari passu in all respects with the existing shares (Increase in Authorized Share Capital).