Corporate ActionJun 9, 2026, 06:21 AM
Mobile-health Network Solutions Shareholders Approve Share Consolidation
AI Summary
Mobile-health Network Solutions held an Extraordinary General Meeting (EGM) on June 8, 2026, where shareholders approved all four proposed items. Key approvals include a share consolidation, the creation of a new Class C Ordinary Share class with 90 votes per share, an increase in the company's authorized share capital, and the adoption of new amended and restated memorandum and articles of association. These changes are effective from June 22, 2026.
Key Highlights
- Shareholders approved a share consolidation effective June 22, 2026.
- Issued Class A Ordinary Shares consolidated from 5,331,549 to 888,592.
- Issued Class B Ordinary Shares consolidated from 1,835,671 to 305,946.
- A new Class C Ordinary Share class with 90 votes per share was approved, effective June 22, 2026.
- Authorized share capital increased to US$18,720,000, divided into 19,500,000,000 Ordinary Shares.
- New amended and restated memorandum and articles of association were approved.
- All proposals received overwhelming shareholder approval, with over 98% 'For' votes for each.
Price Impact
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