SplitMay 15, 2026, 06:31 AM
Neo-Concept International Announces 8-for-1 Share Consolidation
AI Summary
Neo-Concept International Group Holdings Ltd announced that its shareholders approved a share consolidation at an Extraordinary General Meeting held on May 8, 2026. The consolidation will be at a ratio of eight (8) shares into one (1) share, changing the par value from US$0.0003125 to US$0.0025 per share. This corporate action will take effect on the Nasdaq Capital Market at the open of business on May 19, 2026, with the Class A ordinary shares continuing to trade under the symbol "NCI" and a new CUSIP number.
Key Highlights
- Shareholders approved a share consolidation at the Extraordinary General Meeting (EGM) on May 8, 2026.
- Every eight (8) issued and unissued shares will be consolidated into one (1) share.
- The par value per share will change from US$0.0003125 to US$0.0025.
- The share consolidation will be reflected on the Nasdaq Capital Market at the open of business on May 19, 2026.
- Class A ordinary shares will continue trading under the symbol "NCI" with a new CUSIP Number G6421C138.
- Fractional consolidated shares will be rounded up, entitling shareholders to one consolidated share.
- The board of directors has full authority to determine the exact consolidation ratio within a range of 3-for-1 to 400-for-1.