Wanguo Gold Group Plans Major Capital Expansion

Wanguo International Mining Group Ltd. (HK:3939) has released an update.

Wanguo Gold Group Limited has proposed to increase its authorised share capital tenfold, from HK$100 million to HK$1 billion, by creating an additional 9 billion shares. The move aims to provide the company with enhanced flexibility for future investments and fundraising, pending shareholder approval at an upcoming EGM. No current shareholder has a material interest in the proposal, ensuring neutrality in the voting process.

For further insights into HK:3939 stock, check out TipRanks’ Stock Analysis page.