China Logistics to increase the authorized capital from HK$250 mln to HK$500 mln

China Logistics Group (0217) announced that its shareholders had passed an ordinary resolution on March 30 to issue 2.5 bln more new shares and increase the authorized capital of the company from HK$250 mln to HK$500 mln.                                                        At the mean time, the company approved Epoch Enterprises to issue 500 mln new shares at HK$0.3 each as the expenditure for the acquisition of Shanghai Pudong CNCC Logistics Development from CNCC International Freight Forwarding Company Limited.  

Related stock : (217)