C.banner International Holdings Ltd. (HK:1028) has released an update.
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C.banner International Holdings Ltd. has announced a proposal for the cancellation of their Share Premium Account balance, transferring the credit to the Contributed Surplus Account to facilitate the payment of a special dividend to shareholders. This move will not affect the company’s share capital or trading arrangements and is subject to shareholder approval and the company’s ability to meet its liabilities. The Board believes this action is in the best interest of the company and its shareholders, though it is cautioned that the cancellation is conditional and not guaranteed to proceed.
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