China Conch Venture Holdings (HK:0586) has released an update.
China Conch Venture Holdings Limited successfully conducted its 2024 Annual General Meeting on June 25, 2024, where all proposed resolutions were overwhelmingly approved by shareholders. Key outcomes included the adoption of audited financial statements, approval of a final dividend of HK$0.20 per share, and the election and re-election of board members with high affirmative votes. Additionally, the company received mandates to repurchase up to 10% of its shares and to issue additional shares amounting to 20% of the issued stock.
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