IntrinsicIntrinsic

Financing ·

Zenta Group consolidates shares on a 12-to-1 basis and authorizes further consolidation if price stays below $1.00

ZGMZenta Group Co Ltd

Shareholders approved the consolidation of Class A and Class B ordinary shares on a 12-to-1 basis, effective immediately upon the resolution's passage at an extraordinary general meeting held on September 30, 2026. The par value per share increases from US$0.001 to US$0.012, and authorized share capital is adjusted accordingly with fractional shares rounded up. Additionally, shareholders granted authorization for a potential future consolidation at a ratio of 20-to-1 if the stock price remains below US$1.00 for eight consecutive trading days. The company also adopted amended articles to reflect these changes and establish exclusive jurisdiction for dispute resolution in Cayman Islands courts. Zenta Group is a Macau-based professional services provider offering consultation services to industrial parks, business investment, and fintech products.

More from Zenta Group Co Ltd

Explore ZGM