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New Times Energy Corporation Limited ( (HK:0166) ) has provided an update.
New Times Corporation Limited has convened its annual general meeting for 23 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025, consider the re-election of three directors, approve directors’ remuneration and reappoint Ernst & Young as the company’s auditor. The board is also seeking a renewed general mandate to allot and issue up to 20 per cent of the company’s share capital, providing additional flexibility for future capital raising and corporate actions within Hong Kong Listing Rules, which may affect share dilution and the company’s financing options.
The proposed share issuance mandate excludes rights issues, conversions of existing convertible securities, exercises of share options and scrip dividends, preserving routine capital functions while expanding the board’s discretion for other equity issuances. These resolutions, if approved, will reinforce the company’s governance continuity and give management broader tools to manage its capital structure, potentially influencing shareholder value and the firm’s positioning in capital markets.
More about New Times Energy Corporation Limited
New Times Corporation Limited is a Bermuda-incorporated company listed in Hong Kong, operating under stock code 00166. The group is governed by a board comprising executive, non-executive and independent non-executive directors, and adheres to the Listing Rules of the Hong Kong Stock Exchange in its corporate actions and capital management.
Average Trading Volume: 2,267,244
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$349.7M
Find detailed analytics on 0166 stock on TipRanks’ Stock Analysis page.