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Shareholders approve increasing authorized shares from 600M to 5B and allow up to 2,000-for-1 consolidation
MEGLMagic Empire Global Ltd
Magic Empire Global Limited held an extraordinary general meeting on July 22, 2026, where shareholders approved several significant corporate restructuring and governance-related matters. Key approvals included increasing the authorized share capital from 600,000,000 to 5,000,000,000 shares and varying the rights of Class B ordinary shares to confer 100 votes per share. Additionally, the Board of Directors is authorized to implement one or more share consolidations at a ratio up to 2,000-for-1 within the next two years. Magic Empire Global Limited operates in the digital entertainment and technology sector.