AGM/EGMJul 21, 2026, 05:03 PM
Ohmyhome Shareholders Approve Major Capital Structure Changes
AI Summary
Ohmyhome Ltd. shareholders approved several significant proposals at the Annual General Meeting on July 21, 2026. Key approvals include a substantial increase in authorized share capital, a reduction in the par value of shares, and a sub-division of shares. Additionally, shareholders authorized a share consolidation (reverse stock split) at a ratio between 2:1 and 5,000:1, to be implemented by the board within two years. The meeting also saw the re-appointment of four directors and the ratification of the company's auditor.
Key Highlights
- Authorized share capital increased from US$7.5 billion to US$1,000 billion.
- Issued share par value reduced from US$0.01 to US$0.0000001.
- Share consolidation (reverse stock split) approved at a ratio of 2:1 to 5,000:1.
- Credit from capital reduction to be applied towards offsetting accumulated losses.
- Four directors re-appointed: Agus Prasetyo, Chin Chee Yen, Wong Tai Kok, Liu Wen Tao.
- Enrome LLP ratified as auditor for fiscal year 2025.
- All eleven proposals presented at the AGM were approved by shareholders.
Price Impact
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