Gelonghui, Feb. 23 | Base Championship Group (08460.HK) announced that the board of directors proposed increasing the authorized share capital of the company from HK$30,000,000 (divided into 300,000,000 shares) to HK$300,000,000 (divided into 3,000,000,000 shares). After shareholders pass an ordinary resolution at the special shareholders' meeting to approve the increase in authorized share capital, the increase in authorized share capital will take effect on the date of the special shareholders' meeting. The trading unit for each lot of shares traded on the Stock Exchange was changed from 10,000 shares to 20,000 shares.
After the increase in authorized share capital comes into effect, the company proposes to offer shares on the basis of issuing three (3) shares for every one (1) existing share held on the record date, and issue up to 345 million shares at a subscription price of HK$0.12 per share, so as to raise up to HK$41.4 million.
