SplitMay 29, 2026, 02:18 PM
JBDI Holdings Members Approve 1-for-2 Reverse Stock Split
AI Summary
JBDI Holdings Ltd. announced the results of its Annual General Meeting of Members. Shareholders approved a 1-for-2 reverse stock split of the company's ordinary shares, granting the Board of Directors discretion to implement it within a 12-month period. Additionally, five individuals were elected to serve as directors, including two Executive Directors and three Independent Non-Executive Directors. The appointment of OneStop Assurance PAC as the independent registered public accounting firm for the fiscal year ending May 31, 2026, was also ratified.
Key Highlights
- Members approved a 1-for-2 reverse stock split of the Company's issued Ordinary Shares.
- The Board of Directors has discretion to effect the reverse stock split within 12 months.
- Lim Chwee Poh and Liang Zhaorong were elected as Executive Directors.
- Han Yee Yen, Ng Siew Cher, and Lim Geok Peng were elected as Independent Non-Executive Directors.
- OneStop Assurance PAC was ratified as the independent auditor for the fiscal year ending May 31, 2026.
Price Impact
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