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E&P Global Faces Major Loss in Interim Results
Express News | E&P Global Holdings H1 Revenue HKD 240.83 Million
Express News | E&P Global Holdings H1 Pretax Profit HKD -92.26 Million
E&P GLOBAL: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
E&P Global Proposes Capital Reorganization
e&p global (01142.HK) proposes a capital reconstruction.
Glory Exchange reported on November 26th that e&p global (01142.HK) announced that the board of directors proposed a capital reorganization plan to restructure the company's capital: (1) Capital reduction (i) by canceling HKD 0.49 paid-up capital for each issued share to reduce the par value of each issued share from HKD 0.50 to HKD 0.01 per share, after the reduction, each issued share will become a reduced share with a par value of HKD 0.01 in the company's capital; and (ii) the amounts generated from step (i) above will be used in accordance with all applicable laws and the company's articles of association and the board of directors.
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