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EUDA Health proposes dual-class share structure giving Tan Meng Dong 50 votes per Class B share
EUDAEUDA Health Holdings Ltd
EUDA Health Holdings Limited is seeking shareholder approval at an extraordinary general meeting on October 30, 2026, to reclassify its shares into a dual-class structure. The proposal would designate approximately 437,824 shares held by CEO Tan Meng Dong and his affiliate as Class B ordinary shares, each carrying fifty votes, while designating the remaining outstanding shares as Class A ordinary shares with one vote per share. This change would grant Tan Meng Dong approximately 89.5% of the total voting power despite holding only about 14.6% of the economic interest. The company states the restructuring is intended to ensure long-term control and oversight in anticipation of potential acquisitions and future financing transactions. EUDA Health Holdings Limited operates in the health technology sector, focusing on digital health solutions.