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Zhitong Hong Kong Stock Investment Log | January 29
Hong Kong Stock Investment Log | January 29, 2025
Luxxu Group Ltd. Delays Circular Dispatch and Revises Timetable
LUXXU GROUP (01327.HK) established an independent Director committee.
On December 16, Gelonghui reported that LUXXU GROUP (01327.HK) announced the establishment of an independent director committee composed of all independent non-executive directors (namely Yu Junmin, Zhong Weili, and Duan Baili) to provide independent shareholders with opinions on whether the terms of the rights issue are fair and reasonable and in the overall interest of the company and shareholders, as well as advice on how to vote at the shareholders' special meeting. On the same day, it was announced that on December 16, 2024, Ronggao Financial Limited (a company approved by the Securities and Futures Commission to engage in regulated activities under the Securities and Futures Ordinance for Type 1 (Securities Trading) and Type 6 (Advising on Corporate Finance)).
Luxxu Group Ltd. Announces Capital Restructure and Rights Issue
Luxxu Group (01327.HK) suggests conducting a capital restructuring.
On December 2, Gelonghui reported that luxxu group (01327.HK) announced that the board of directors proposed a capital reorganization, which involves a share merger, capital reduction, and share split. It is proposed that every 5 existing shares with a nominal value of HKD 0.10 will be merged into 1 merged share with a nominal value of HKD 0.50; the company will reduce the issued capital by cancelling the paid-up capital of HKD 0.49 for each issued merged share, and the nominal value of each issued merged share will be reduced from HKD 0.50 to HKD 0.01. The amount generated from the capital reduction will be used to offset the company's capital reduction expenses.
Express News | Luxxu Group - Every 5 Issued & Unissued Shares of Value of HK$0.10 Each Consolidated Into 1 Share of HK$0.50 Each
