Silkwave's Capital Reduction Hearing Scheduled for Dec. 13

MT Newswires Live

2024-11-20

Silkwave (HKG:0471) said a hearing for the confirmation of its capital reduction will be held on Dec. 13, at the Grand Court of the Cayman Islands.

The company initiated a 20-for-1 share consolidation on Oct. 10. The consolidation is set to be followed by a capital reduction and share sub-division, according to a Hong Kong exchange filing on Tuesday.

The capital reduction and share sub-division is expected to become effective Dec. 20, according to the filing.

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