Corporate ActionAug 7, 2026, 04:05 PM
Reitar Logtech Proposes 1-for-25 Reverse Share Split
AI Summary
Reitar Logtech Holdings Ltd will hold an Extraordinary General Meeting on September 3, 2026, to vote on a proposed 1-for-25 reverse share split for both its Class A and Class B ordinary shares. This consolidation will also lead to an adjustment in the company's authorized share capital to US$50,000. Additionally, shareholders will consider approving amendments to the company's memorandum and articles of association to reflect these changes.
Key Highlights
- Extraordinary General Meeting (EGM) scheduled for September 3, 2026.
- Proposal for a 1-for-25 reverse share split for Class A ordinary shares.
- Proposal for a 1-for-25 reverse share split for Class B ordinary shares.
- Fractional shares resulting from the consolidation will be rounded up.
- Authorized share capital to be adjusted to US$50,000 post-split.
- Proposal to amend the company's charter to reflect the share consolidation.
- Record date for EGM voting is July 31, 2026.
Price Impact
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