C.banner plans share premium waiver and special dividend

C.banner International Holdings Ltd.Hong Kong: 1028) posted an update.

C.banner International Holdings Ltd. announced an extraordinary general meeting to be held on June 27, 2024 in Hong Kong, during which shareholders will vote on a resolution to reduce the company’s share premium account to zero and transfer the balance to surplus ‘bring. account. This restructuring aims to facilitate the payment of a special dividend of HK$0.13 per share and to enable the compensation of accumulated losses and future dividends. Shareholders have the right to appoint proxies to vote if they cannot attend the meeting in person.

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