Corporate digest

China Yuanbang Property

WATCH-LISTED China Yuanbang Property Holdings is proposing a capital reduction to reduce the par value of each share from HK$2.00 to HK$0.10.

As at Sept 3, the authorised share capital of the company is HK$600 million (S$106 million) divided into 300 million shares with a par value of HK$2.00 each, of which 69,400,000 shares have been issued and are fully paid up.