Dividends & Buybacks ·
FBS Global Limited announced that shareholders approved a one-for-ten reverse stock split at an extraordinary general…
FBGLFBS Global Ltd
FBS Global Limited announced that shareholders approved a one-for-ten reverse stock split at an extraordinary general meeting on September 13, 2026. The consolidation is conditional upon Nasdaq clearance and will take effect immediately upon authorization. Trading on the Nasdaq Capital Market under symbol FBGL with a new CUSIP number G3337S117 is expected to begin on September 28, 2026. The par value increases from US$0.001 to US$0.01 per share, reducing issued shares from approximately 13.5 million to 1.35 million while maintaining total authorized capital at US$500,000. Fractional shares will be rounded up or sold with proceeds distributed to shareholders. This action aims to satisfy the Nasdaq minimum bid price requirement of $1.00. FBS Global Limited operates in the construction and building systems industry, specializing in high-specification commercial, industrial, and public sector projects.