Division and combination of shares

(1) A company incorporated under this Act may amend its (a) to divide the shares, including issued shares, of a class or series into a larger number of shares of the same class or series; or (b) to combine the shares, including issued shares, of a class or series into a smaller number of shares of the same class or series. (2) Where shares are divided or combined under sub-section (1), the aggregate par value of the new shares must be equal to the aggregate par value of the original shares.