EPACK Durable Limited has informed the exchange regarding the approval of Postal Ballot Notice and change in objects of IPO of the Company as stated in the prospectus.
EPACK · price
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EPACK Durable Limited's Board of Directors, at its meeting on July 01, 2025, approved a change in the objects of its Initial Public Offering as originally outlined in the prospectus dated January 24, 2024. The Board also approved the draft Postal Ballot Notice to seek shareholder approval for this change. June 27, 2025 has been fixed as the cut-off date to determine which shareholders are eligible to vote electronically on the proposal. The Postal Ballot Notice will be sent to shareholders and the stock exchanges in due course.
Shareholders will get a chance to vote on reallocating the purpose of funds raised during the IPO. Changes to IPO object clauses are closely watched by investors as they can signal that original fundraising plans are being revised, though they may also reflect legitimate strategic shifts in business priorities.