Victory generates HK$14.70 mln by cutting share capitals to offset accumulated l

Victory (1139) proposed to cut down book value of shares from HK$0.02 to HK$0.01 and HK$14.707 mln generated will be used to offset accumulated loss end-2000.

 The company has legal share capital of HK$50 mln with 2500 mln shares, 14.7 of which are issued. The company plans to cancel un-issued legal capital to maintain legal share capital at HK$50 mln by increasing 3529 mln new shares.

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