Dividends & Buybacks ·
Delixy Holdings Limited announced a one-for-five reverse share split of its Class A and Class B ordinary shares…
DLXYDelixy Holdings Ltd
Delixy Holdings Limited announced a one-for-five reverse share split of its Class A and Class B ordinary shares, effective September 28, 2026. The board approved the consolidation on August 12, 2026, following shareholder authorization in February 2026 to maintain Nasdaq listing compliance. Post-split, the par value increases from US$0.000005 to US$0.000025 per share, with authorized capital remaining at US$2,500 divided into 90 million Class A and 10 million Class B shares. The company expects approximately 1,434,800 Class A and 1,835,200 Class B shares to be issued and outstanding after the split. Delixy Holdings Limited operates in the oil trading industry, dealing in crude oil and various petroleum products across Southeast Asia, East Asia, and the Middle East.