Corporate GovernanceJul 13, 2026, 07:56 AM
Park Ha Biological Adopts Dual-Class Share Structure
AI Summary
Park Ha Biological Technology Co., Ltd. adopted an Amended and Restated Memorandum and Articles of Association on July 13, 2026. This update establishes a dual-class share structure, featuring Class A ordinary shares with one vote per share and Class B ordinary shares with 100 votes per share. Class B shares are convertible into Class A shares on a one-for-one basis at the holder's option. The company's total authorized share capital is $300 million, divided into 300 billion ordinary shares.
Key Highlights
- Adopted Amended and Restated Memorandum and Articles of Association.
- Established a dual-class share structure with differential voting rights.
- Class A ordinary shares carry one vote per share.
- Class B ordinary shares carry 100 votes per share.
- Class B shares are convertible to Class A shares on a one-for-one basis.
- Total authorized share capital set at $300,000,000.
- Share capital divided into 300,000,000,000 ordinary shares.
- Directors' consent is required for share transfers.
Price Impact
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