SplitMay 18, 2026, 01:51 PM
Oriental Rise Holdings Board Approves 1-for-4 Reverse Stock Split
AI Summary
Oriental Rise Holdings Limited announced that its shareholders approved a proposal granting the Board of Directors authority to consolidate issued and unissued ordinary shares at a ratio between 1-for-2 and 1-for-100. Following this approval, the Board of Directors subsequently approved a reverse stock split at a ratio of one (1) ordinary share for every four (4) ordinary shares held. Fractional shares will be rounded up to the next whole share, and additional disclosure on the market effective date is expected.
Key Highlights
- Shareholders approved granting the Board authority to consolidate shares at a ratio of 1-for-2 to 1-for-100.
- The Board of Directors approved a reverse stock split at a ratio of one (1) ordinary share for every four (4) ordinary shares held.
- Fractional shares resulting from the split will be rounded up to the next whole share.
- The exact ratio for consolidation is to be determined by the Board in its sole discretion.
- The consolidation authority is to be implemented no later than 180 days following the resolution.
Price Impact
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