Dividends & Buybacks ·
Elong Power Holding Limited held an extraordinary general meeting on August 27, 2026, where shareholders ratified a…
ELPWElong Power Holding Ltd.
Elong Power Holding Limited held an extraordinary general meeting on August 27, 2026, where shareholders ratified a 45-for-1 share consolidation effective August 10, 2026. The company also approved a change in authorized share capital to US$288 billion and executed a complex reorganization involving a reduction of par value to US$0.0000001, followed by a subdivision into 500 billion shares. Additionally, shareholders granted conditional authority for further reverse splits (10-to-1, 20-to-1, 50-to-1, or 80-to-1) if the Class A ordinary share price falls below specified thresholds over consecutive trading days. Elong Power Holding Limited operates in the power generation industry.