
Zenlabs Ethica alters MOA to expand business scope
Zenlabs Ethica Ltd announced that its members approved the alteration of the company's Memorandum of Association (MOA) by a special resolution passed at the 33rd Annual General Meeting held on September 29, 2026. The alteration involves substituting the existing Clause III (B) of the MOA with new objects. These expanded objects include receiving and repatriating foreign currency, engaging in various business activities as principals or contractors, remunerating service providers, covering formation costs, entering into diverse contracts, dealing in goods and services, managing properties, and recruiting and developing personnel and professionals. This change broadens the company's operational capabilities and stated business scope.
Key Highlights
- MOA alteration approved by special resolution at 33rd AGM.
- New Clause III (B) expands company's business objectives.
- Allows receiving foreign currency and repatriating funds.
- Enables broader dealings in goods, services, and properties.
- Facilitates recruitment, training, and engagement of professionals.
Price Impact
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