Ocean Sky International Limited - Ocean Sky International Ltd ...

25. SHARE CAPITAL
Authorised:-
Group
As at 31 December As at
1999 2000 2001 30 June 2002
$’000 $’000 $’000 $’000
Ordinary shares of $1
each at beginning
of financial year/period
(1999, 2000, 2001: 250,000,
2002: 2,000,000)
Increase in authorised
share capital by the
creation of an
additional Nil
(2001: 1,750,000)
ordinary shares of $1
250 250 250 2,000
each
Ordinary shares
of $1 each at end
of financial year/period
(1999, 2000: 250,000,
2001 and
– – 1,750 –
30.6.2002 : 2,000,000) 250 250 2,000 2,000
Issued and fully paid:-
Ordinary shares of $1
each at beginning
of financial year/period
(1999, 2000, 2001: 200,001,
2002: 2,000,000) 200 200 200 2,000
1,799,999 ordinary shares
of $1 each allotted by
way of bonus issue of
approximately 9 bonus
shares for every 1
ordinary share held
through the capitalisation
of $1,799,999 from the
retained profits – – 1,800 –
Ordinary shares of $1
each at end
of financial year/period
(1999, 2000: 200,001,
2001 and
30.6.2002: 2,000,000) 200 200 2,000 2,000
These newly issued shares rank pari passu in all respects with the existing shares already in issue.
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