Summary by Moomoo AI
Shimao Group will hold its Annual General Meeting on 20 June 2024 at which general mandates to issue and repurchase shares, re-election of retiring directors will be discussed. The Board of Directors proposes to grant the Director a general and unconditional mandate to issue and repurchase shares and considers that such action is in the best interests of the Company and its shareholders. The issuance authorization will allow the directors to issue additional shares not exceeding 20% of the total issued shares, while the repurchase authorization allows the repurchase of no more than 10% of the shares. In addition, the three directors, Mr. Xu Se Tan, Mr. Lu Hongbing and Mr. Lin Ching Kam, will retire at the meeting and are willing to...Show More