(I) proposed Increase in authorised share capital; (ii) proposed share consolidation and change in board lot size; (iii) proposed rights issue on the basis of one (1) rights share for every one (1) consolidated share held on the record date on a non-underwritten basis; and (iv) placing agreement under the compensatory arrangements

Summary by 6ix AI

Milan Station Holdings Limited has announced several proposals including an increase in authorized share capital, a share consolidation, a change in board lot size, and a rights issue on a non-underwritten basis. The proposed share consolidation will consolidate every five existing shares into one consolidated share, subject to shareholder approval. The rights issue aims to raise funds by offering one rights share for each consolidated share held, also pending shareholder approval. The company plans to use the proceeds from the rights issue for various operational expenses and debt repayment.

Written by 6ix AI from the company’s filing. How 6ix writes summaries