Wanguo International Mining Group Ltd. (HK:3939) has released an update.
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Wanguo Gold Group Limited has proposed to increase its authorised share capital tenfold, from HK$100 million to HK$1 billion, by creating an additional 9 billion shares. The move aims to provide the company with enhanced flexibility for future investments and fundraising, pending shareholder approval at an upcoming EGM. No current shareholder has a material interest in the proposal, ensuring neutrality in the voting process.
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