Dividends & Buybacks ·
Wellchange Holdings Company Limited announced that shareholders approved a one-for-five reverse stock split of its…
WCTWellchange Holdings Co Ltd
Wellchange Holdings Company Limited announced that shareholders approved a one-for-five reverse stock split of its Class A ordinary shares. The consolidation reduces the outstanding share count from approximately 52,905,328 to roughly 10,581,066 and increases the par value per share from US$0.000005 to US$0.000025. Fractional shares resulting from the split will be rounded up to the nearest whole share rather than cashed out. The transaction becomes effective on September 8, 2026, when trading resumes under symbol WCT with a new CUSIP number. This corporate action is designed to meet Nasdaq listing requirements and aligns with broader capital restructuring efforts. Wellchange Holdings Company Limited operates in the enterprise software industry, providing customized solutions, SaaS platforms, and ERP services primarily to small and medium businesses.