BYD Co (HK:1211) has released an update.
BYD Co. has announced a reduction in its registered capital following the repurchase and cancellation of 1,877,000 A shares, decreasing its total share capital to approximately 2.9 billion shares. This move prompts proposed amendments to the company’s Articles of Association, which will be considered at an upcoming shareholders’ meeting. The changes reflect adjustments in BYD’s equity structure and align with its strategic financial management goals.
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