Type | Announcement |
Subject | OTHERS |
Description |
PROPOSED PAR VALUE REDUCTION VIA CANCELLATION OF USD0.02 OF THE PAR VALUE OF EVERY EXISTING ISSUED AND UNISSUED SHARE OF XDL OF USD0.03 PURSUANT TO SECTIONS 45 AND 46 OF THE COMPANIES ACT 1981 OF BERMUDA |
On behalf of the Board of Directors of XDL (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake a par value reduction via cancellation of USD0.02 of the par value of every existing issued and unissued share of XDL of USD0.03 pursuant to Sections 45 and 46 of the Companies Act 1981 of Bermuda effective on such date as may be determined by the directors of the Company (“Proposed Par Value Reduction”). |
Company Name | XIDELANG HOLDINGS LTD |
Stock Name | XDL |
Date Announced | 27 Apr 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-27042016-00100 |
Attachments