Corporate ActionOct 20, 2026, 05:01 PM
Uni-Fuels Holdings Approves 1-for-10 Share Consolidation
AI Summary
Uni-Fuels Holdings Limited announced that its board of directors has approved a 1-for-10 share consolidation for its Class A and Class B ordinary shares. The company has also approved the form of written resolutions for shareholders to effect this consolidation. The consolidation will adjust the par value of the shares and will round up any fractional entitlements to the next whole share. The effective date of the share consolidation will be announced separately.
Key Highlights
- Uni-Fuels Holdings Limited board approved a 1-for-10 share consolidation.
- The consolidation applies to Class A and Class B ordinary shares.
- New par value for consolidated shares will be US$0.001.
- Fractional shares will be rounded up to the next whole share.
- Authorized share capital will be US$500,000 post-consolidation.
Price Impact
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