Shunteng International Holdings (00932) plans to increase authorized share capital to 100 billion shares

According to the Zhitong Finance App, Shunteng International Holdings (00932) issued an announcement. On the date of this announcement, the Company's authorized share capital of HK$10 million was divided into 4 billion shares (shares) with a face value of HK$0.0025 per share, of which 3.108 billion shares have already been issued. To make the Company more flexible in raising capital to accommodate any potential issuance of new shares and promote future business growth, the Board of Directors recommended increasing the Company's authorized share capital from 4 billion shares to 100 billion shares by adding 96 billion additional shares (it is recommended to increase the authorized share capital). Once issued, these new shares will enjoy the same rights in all respects as existing shares.