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Chapter 955 - Chapter 953: Capital Increase and Expansion

After the applause from the people had almost subsided, Lynch raised his hand and gestured for silence, "I have a second announcement to make, we are going to expand our capital."

"We will use the closing price of the last trading day as an important reference. According to evaluations by two consultancy firms in Bupen, the current market value of Every Moment should be between 380 million and 400 million."

"We take the midpoint, which is 390 million."

"All of you are probably well-aware of the recent events in the company. It is precisely because our raw material channels have been restricted by others that, even though we should have a more important position in bilateral transactions, we still lost the initiative."

"To solve this problem, to provide people with more confidence from various aspects, making them believe that we will not fall, capital expansion is inevitable."

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