Anyone here please advise on this:

 

The Directors propose to increase the authorised share capital of the Company from the 

existing HK$600,000,000 to HK$1,500,000,000 with a par value of HK$0.10 each by the 

creation of an additional 9,000,000,000 ordinary shares in the capital of the Company 

(?Shares?), to cater to any future issue of Shares or convertible securities as and when it 

arises. Any issue of Shares or convertible securities would be subject to any prevailing 

regulations and the Listing Manual, and where necessary, approval of the shareholders of the 

Company (?Shareholders?) would be sought in a general meeting.

 

9 billion upcoming shares at HK$0.10! does this mean shareholders will get to subscribe them, or if it's placed to big investors? That's only 1.6 cents in SGD!   14 billion total shares in the future...like mdr ltd...the dilution is overwhelming