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BackApr 27, 2016
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”).

Further details on the Proposed Par Value Reduction are set out in the attachment below.

This announcement is dated 27 April 2016.

 


Announcement Info

Company Name XIDELANG HOLDINGS LTD
Stock Name XDL
Date Announced 27 Apr 2016
Category General Announcement for PLC
Reference Number GA1-27042016-00100

 

Attachments

  1. XDL_-_Proposed_Par_Value_Reduction.pdf (Size: 325,800 bytes)