Hangzhou SF Intra-city Modifies Capital Structure

Hangzhou SF Intra-city Industrial Co., Ltd. Class H (HK:9699) has released an update.

Hangzhou SF Intra-city Industrial Co., Ltd. has amended its Articles of Association to reflect the reduction of registered capital following the cancellation of repurchased shares. The company has completed the repurchase of 19,203,000 H Shares, representing 2.09% of its total share capital, at an average price of HK$10.37/share, using nearly HK$200 million. These amendments are set for shareholder approval at the extraordinary general meeting scheduled for October 25, 2024.

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