News:Greatview Packaging (00468) issued an announcement that the board of directors approved the company's plan to purchase equipment and expand production facilities to increase the company's production capacity.
In order for the company to obtain funds for purchasing equipment and expanding production facilities in accordance with the expansion plan, the board of directors is currently exploring different ways to allocate funds for the expansion plan, including but not limited to issuing and allotting new shares, utilizing working capital generated from business operations, obtaining funds from banks Obtain loans, other forms of debt or equity financing and/or a combination of any of the above.
In order to provide the board of directors with more flexibility and options to allocate funds for the expansion plan, at the company's upcoming annual general meeting on June 27, 2023 (Tuesday), the board of directors recommends that the company's shareholders vote in favor of the company's proposed ordinary resolution , to grant a general unconditional mandate to the directors to allot, issue and deal with additional shares not exceeding 20% of the number of issued shares of the company as at the date of the AGM.
