Starlight Culture Entertainment Group Limited (HK:1159) has released an update.
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Starlight Culture Entertainment Group Limited has announced a special general meeting to be held on 19 July 2024, proposing a significant Capital Reorganisation. This includes consolidating every ten existing shares into one, followed by a reduction in share par value, with the aim to streamline the company’s capital structure. The proposed changes are subject to approval by the Hong Kong Stock Exchange and compliance with Bermuda’s Companies Act and the company’s bye-laws.
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