A proposed move from Cayman to the British Virgin Islands wins shareholder approval at Li Bang, pending consents.
Li Bang International (LBGJ) shareholders approved a share capital increase, reorganization, and relocation from the Cayman Islands to the British Virgin Islands. Authorized capital rose from $35,000 to $7,000,000, with par value reduced from $0.002 to $0.00001. The meeting quorum was less than one-third of outstanding shares.