Dividends & Buybacks ·
Ping An Biomedical approves 1-for-40 reverse stock split effective October 23, 2026
MJIDMajestic Ideal Holdings Ltd
The board of directors approved a one-for-forty reverse stock consolidation to be effective on October 23, 2026. The action reduces the outstanding share count from approximately 125 million combined Class A and B shares to roughly 3.1 million. Fractional entitlements will be rounded up rather than cashed out. This corporate action is designed to adjust the trading price of the company's Nasdaq-listed securities. Ping An Biomedical Co., Ltd. operates as a supply chain service provider in the apparel industry and delivers healthcare and biomedical technology solutions.