Creative Global Tech Shareholders Approve Share Consolidation, Capital Increase
Creative Global Technology Holdings Ltd. held an Extraordinary General Meeting (EGM) and a Class B Meeting on June 12, 2026, where shareholders approved several key corporate actions. These included an increase in Class B Ordinary Share voting rights from 20 to 100 votes per share, a significant increase in authorized share capital from US$2 million to US$90 million, and a reduction in par value from US$0.001 to US$0.00001 per share. Additionally, shareholders approved up to five share consolidations at a ratio of up to 1:1500 and the adoption of the Third Amended and Restated Memorandum and Articles of Association. All proposals received strong shareholder support, and the company expects to file the amended charter within 15 days, with Class A Ordinary Shares continuing to trade on Nasdaq.
Key Highlights
- Shareholders approved up to five share consolidations at a ratio of up to 1:1500.
- Voting rights for Class B Ordinary Shares increased from 20 to 100 votes per share.
- Authorized share capital increased from US$2,000,000 to US$90,000,000.
- Par value reduced from US$0.001 to US$0.00001 per share.
- The Third Amended and Restated Memorandum and Articles of Association were adopted.
- All proposals at the EGM and Class B Meeting were approved with high shareholder support.
- Company's Class A Ordinary Shares will continue to trade on Nasdaq under "CGTL".
Price Impact
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