AGM/EGMOct 19, 2026, 04:56 PM
Solowin Holdings Approves 1-for-200 Share Consolidation and Capital Increase
AI Summary
Solowin Holdings, Ltd. held an extraordinary general meeting on October 13, 2026, where shareholders approved several key corporate actions. These include a 1-for-200 share consolidation, an increase in authorized share capital to $5 billion, and a change in the voting power of Class B ordinary shares to 50 votes per share. The company's memorandum and articles of association were also amended and restated to reflect these changes. The effective date for the share consolidation is set for October 26, 2026.
Key Highlights
- Solowin Holdings approved a 1-for-200 share consolidation, effective October 26, 2026.
- Shareholders approved an increase in authorized share capital from $100,000 to $5,000,000,000.
- The voting power of Class B ordinary shares was changed from 1 vote per share to 50 votes per share.
- The company's memorandum and articles of association were amended and restated.
- The share consolidation received 407,859,143.14 'For' votes.
- The share capital increase received 405,650,213.64 'For' votes.
- The change of voting power for Class B shares received 405,636,790.87 'For' votes.
Price Impact
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