AGM/EGMSep 14, 2026, 08:03 AM
FBS Global Ltd Shareholders Approve 1-for-10 Share Consolidation
AI Summary
FBS Global Limited convened an extraordinary general meeting on September 13, 2026, where shareholders overwhelmingly approved a 1-for-10 share consolidation. This consolidation will change the par value of existing ordinary shares from US$0.001 to US$0.01, reducing the total number of authorized shares from 500,000,000 to 50,000,000 while keeping the authorized share capital at US$500,000. The board of directors is empowered to manage fractional share entitlements.
Key Highlights
- FBS Global Limited held an extraordinary general meeting on September 13, 2026.
- Shareholders approved a 1-for-10 share consolidation.
- Every ten existing shares of US$0.001 par value will consolidate into one share of US$0.01 par value.
- The number of authorized shares will reduce from 500,000,000 to 50,000,000.
- The resolution passed with 8,919,460 votes in favor and 0 against or abstentions.
Price Impact