GF SEC (01776) announced that the company held the ninth board of directors meeting on August 29, 2018...
According to Zhizhong Finance APP, GF SEC (01776) announced that the company held the tenth meeting of the ninth Board of Directors on August 29, 2018, to review and approve the "Proposal on Adjusting the Company's Capital Increase Method to GF Holdings (Hong Kong) Limited." The Board of Directors agreed to increase the capital of its wholly-owned subsidiary GF Hong Kong Company by 5.237 billion Hong Kong dollars, which can be completed in a lump sum or in batches based on actual conditions. The funding source is from the capital raised from the company's Overseas Listed Foreign Shares (H Shares).
Recently, the company has increased its capital to GF Hong Kong Company by 2.137 billion Hong Kong dollars according to the aforementioned resolution. After the capital increase, GF Hong Kong Company's paid-in capital has increased to 10.337 billion Hong Kong dollars.