Oriental Watch Holdings (HK:0398) has released an update.
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Oriental Watch Holdings Limited is set to propose an amendment to its Bye-laws at the upcoming annual general meeting, which will allow the company to retain repurchased shares as treasury shares in accordance with the Bermuda Companies Act. Shareholders will receive details of the changes through a forthcoming circular. The move comes after recent amendments to the Listing Rules and is subject to shareholder approval.
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