Milan Station (01150.HK): Proposed increase in authorized share capital

Zhito Finance APP News, Milan Station (01150.HK) announced that as at the date of this announcement, the authorized share capital of the Company is HK$80 million (divided into 2 billion existing shares). In order to provide the Company with greater flexibility in fundraising, to cope with the future business expansion and growth of the Group, and to provide greater flexibility for future expansion of the Company's share capital, the Board proposes to increase the authorized share capital of the Company to HK$400 million (divided into 10 billion existing shares). The proposed increase in authorized share capital is subject to approval by the shareholders by way of an ordinary resolution at an extraordinary general meeting before it can take effect.