AGM/EGMMay 21, 2026, 06:17 AM
JBDI Holdings to Vote on 1-for-2 Reverse Stock Split at AGM
AI Summary
JBDI Holdings Ltd. announced its Annual General Meeting (AGM) for May 28, 2026, where members will vote on a 1-for-2 reverse stock split. If approved, the Board of Directors will have the discretion to implement the split within 12 months to satisfy Nasdaq listing standards and improve share marketability. Additionally, members will elect five directors to serve until the next annual meeting and ratify OneStop Assurance PAC as the company's independent registered public accounting firm for the fiscal year ending May 31, 2026.
Key Highlights
- Members to vote on a 1-for-2 reverse stock split to meet Nasdaq listing standards.
- Board has discretion to effect the reverse split within 12 months if approved.
- Five directors to be elected: Lim Chwee Poh, Liang Zhaorong, Han Yee Yen, Ng Siew Cher, Lim Geok Peng.
- OneStop Assurance PAC to be ratified as independent auditor for fiscal year ending May 31, 2026.
- Record date for voting is May 5, 2026; Annual General Meeting on May 28, 2026.
- 19,029,064 ordinary shares outstanding and eligible to vote as of the record date.
- Board unanimously recommends voting "FOR" all proposals.
- Aggregate cash compensation to directors and officers for FY2025 was S$1.1 million.
Price Impact
More from JBDI