Corporate ActionJul 8, 2026, 04:36 PM
Ohmyhome Proposes Reverse Stock Split, Capital Changes
AI Summary
Ohmyhome Ltd. announced its Annual General Meeting on July 21, 2026, where shareholders will vote on several key corporate actions. These include a significant increase in authorized share capital, a capital reduction by decreasing the par value of shares, and a share consolidation (reverse stock split) with a wide ratio range of 2:1 to 5,000:1. The capital reduction aims to offset accumulated losses. Additionally, shareholders will vote on the re-appointment of four directors and the ratification of the company's auditor.
Key Highlights
- Annual General Meeting scheduled for July 21, 2026, to vote on corporate actions.
- Proposed increase in authorized share capital from US$7.5 billion to US$1 trillion.
- Proposed capital reduction by decreasing par value of shares from US$0.01 to US$0.0000001.
- Credit from capital reduction to be applied towards offsetting accumulated losses.
- Proposed share consolidation (reverse stock split) at a ratio of 2:1 to 5,000:1.
- Re-appointment of four directors: Agus Prasetyo, Chin Chee Yen, Wong Tai Kok, and Liu Wen Tao.
- Ratification of Enrome LLP as auditor for the fiscal year ending December 31, 2025.
Price Impact
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