NIP Group Inc. Announces Results of Extraordinary General Meeting
NIP Group shareholders passed a special resolution at the October 16 EGM in Hong Kong to increase authorized share capital from US$200,000 across 2 billion shares to US$1,000,000 across 10 billion shares. The increase creates roughly 7.03 billion new Class A ordinary shares plus additional Class B1 and B2 shares, available for issuance at the board's discretion.
Key figures
- Authorized shares after
- 10000000000
- Authorized shares before
- 2000000000
- New class a shares created
- 7025837052
- New class b1 shares created
- 593326632
- New class b2 shares created
- 380836316
- Authorized share capital usd after
- 1000000
- Authorized share capital usd before
- 200000
AI analysis
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