(1) An international business company may amend its memorandum—
(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 subsection (1), the aggregate par value of the new shares must be equal to the aggregate par value of the original shares.