China Glass (HKG:3300) announced that its board intends to put forward proposals to shareholders at the AGM for the reduction of share premium and a distribution.

It is proposed that the share premium account will be reduced by HK$15.501 million and the credit amount arising from the reduction will be transferred to the contributed surplus account of the company, and an amount of HK$15.501 million (representing HK$0.01 per ordinary share) out of the contributed surplus account of the company will be distributed to shareholders.

Source:chinesestock.org