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The company is proposing to increase the number of ordinary shares eightfold to 32 billion, it said in a statement. The proposal will be discussed and put to a vote at its annual general meeting in Hong Kong on July 15. If approved, the split should take effect no later than July 2020.

The company published a new statement on Thursday, addressing some of the concerns people had raised since it launched the facial recognition feature in iPhone X, its 10th-anniversary edition iPhone released earlier this month,

The company, a so-called rival to Starbucks Corp in China, said on April 2 the internal probe revealed the aggregate sales amount associated with the fabricated transactions from the second quarter of 2019 to the fourth quarter of 2019 amounted to around 2.2 billion yuan.

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The company staff called police because the warehouse contained flammable and explosive nitrocellulose and charcoal powder.

The company spokesman said the duration of any layoffs had not been discussed, but Carnero said they could last between two and five weeks, adding this could potentially affect about 7,000 people at the plant. Italian brake maker Brembo warned on Tuesday that its northern Italian production could struggle if the government introduced even more stringent measures to tackle the spread of the coronavirus.

The company will also look for suitable places to establish a manufacturing base in North America.

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The company's stock endured consecutive losses after the incident was made public.

The company now has a pipeline of 14 projects in residential, mixed-use and hotel in metro Atlanta, Georgia that is valued at about 0 million.

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The company's pianos account for 27.27 percent of the global market and for 38.6 percent of the quantity sold in China. Its products are sold in more than 100 countries and regions around the world.

The company's revenue increased 6 percent year-on-year to reach .94 billion, marking the best performance in three years.