Corporate ActionJul 22, 2026, 08:56 AM
PS International to Increase Authorized Share Capital to 10B Shares
AI Summary
PS International Group Ltd. announced an Extraordinary General Meeting (EGM) to be held on August 18, 2026. Shareholders will vote on significant corporate actions, including the adoption of a Third Amended and Restated Memorandum and Articles of Association. The company also proposes to increase its authorized share capital from US$50,000 (62,500,000 shares) to US$8,000,000 (10,000,000,000 shares), while maintaining a par value of US$0.0008 per share.
Key Highlights
- Extraordinary General Meeting (EGM) scheduled for August 18, 2026.
- Shareholders to vote on adopting Third Amended and Restated Memorandum and Articles of Association.
- Proposed increase in authorized share capital from US$50,000 to US$8,000,000.
- Authorized shares to increase from 62,500,000 to 10,000,000,000.
- Par value of shares to remain US$0.0008 each.
- Record date for voting at the EGM is July 28, 2026.
Price Impact