Asia
China Anchu Energy Storage Seeks Shareholder Nod to Boost Authorized Share Capital
China Anchu Energy Storage Group (HKG:2399) plans to seek shareholder approval for an increase in its authorized share capital to HK$20 million, divided into 8 billion shares, from HK$10 million, divided into 4 billion shares, according to a Monday Hong Kong bourse filing.The industrial products firm will do this by creating an additional 4 billion unissued shares.The firm said the move will give it greater flexibility in fundraising and promoting future business growth.
HKG:2399
