2020 Bulkers holds special general meeting, approves par value cut
Bitget2026/09/29 15:02- 2020 Bulkers held a special general meeting on Sept. 29, 2026.
- Shareholders adopted a plan to cut par value per common share to US$0.01 from US$1.
- The same resolution authorized reducing issued share capital, with the reduction to be credited to contributed surplus.
- Shareholders also authorized resetting authorized share capital to US$750,000, reflecting 75,000,000 common shares at US$0.01 par value.
- A separate resolution authorized increasing authorized share capital to US$50 million by creating 4,925,000,000 new US$0.01 common shares.
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