Seapower Resources plans to cut share capital to offset accumulated loss

Seapower Resources International (0269) proposed to cut share capital and to reduce the face value of the shares both issued and un-issued from HK$0.05 to HK$0.01. The revenue of HK61.88 mln from reducing the share capital and the proceeds of HK$276 mln from the shares premium would be used to offset the

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