Dividends & Buybacks ·
Megan Holdings Limited filed an amendment to correct the deadline for receiving proxy voting instructions from July…
MGNMegan Holdings Ltd.
Megan Holdings Limited filed an amendment to correct the deadline for receiving proxy voting instructions from July 10, 2026, to August 20, 2026. The company is holding an extraordinary general meeting on August 21, 2026, to vote on a 40-for-1 share consolidation (reverse split) effective August 21, 2026, intended to help regain Nasdaq minimum bid price compliance. Shareholders will also approve a capital reorganization reducing par value from US$0.004 to US$0.0001 and increasing authorized shares from 12.5 million to 500 million. Additionally, the company seeks approval for amended bylaws allowing ordinary written resolutions by majority vote rather than unanimity. Megan Holdings Limited is a Cayman Islands exempted company operating in Malaysia.