AGM/EGMAug 6, 2026, 04:32 PM
GrowHub Shareholders Approve Capital Increase & Reverse Split
AI Summary
GrowHub Ltd held extraordinary general meetings where shareholders approved several key resolutions. These included the adoption of an amended memorandum and articles of association, a significant increase in the company's authorized share capital from US$50,000 to US$2,525,000, and a reverse share split. The reverse share split, with an exchange ratio of up to 1:200, will be implemented at the discretion of the directors within 12 months.
Key Highlights
- Amended Memorandum and Articles of Association approved by shareholders.
- Authorized share capital increased from US$50,000 to US$2,525,000.
- Class A shares increased from 75M to 5B; Class B shares from 25M to 50M.
- Reverse share split up to 1:200 approved by shareholders.
- Directors authorized to determine precise ratio and timing within 12 months.
- Directors authorized to handle fractional entitlements from split.
Price Impact
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