Corporate ActionAug 6, 2026, 10:50 AM
Masonglory Shareholders Approve 1-for-8 Share Consolidation
AI Summary
Masonglory Limited announced that shareholders approved a share consolidation and reclassification at an Extraordinary General Meeting on July 31, 2026. The consolidation will convert every eight shares into one, changing the par value from US$0.0001 to US$0.0008. Subsequently, the authorized share capital will be reclassified into 60,000,000 Class A ordinary shares (one vote per share) and 2,500,000 Class B ordinary shares (fifty votes per share). These changes will be reflected on the Nasdaq Capital Market on August 11, 2026.
Key Highlights
- Shareholders approved 1-for-8 share consolidation at EGM on July 31, 2026.
- Consolidated shares will have a par value of US$0.0008 each.
- Authorized share capital changed from 500,000,000 to 62,500,000 shares.
- Shares reclassified into 60,000,000 Class A (1 vote) and 2,500,000 Class B (50 votes).
- Share Consolidation and Reclassification effective August 11, 2026.
- Class A Shares will trade under 'MSGY' with new CUSIP G6007A118.
Price Impact
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