Megan Holdings Limited announced that its previously approved share consolidation will become effective on the Nasdaq Capital Market on September 17, 2026. The Board of Directors set the consolidation ratio at 1-for-30, superseding a prior announcement of a 1-for-40 split with an earlier effective date of September 8, 2026. Trading under the symbol 'MGN' will resume on a post-consolidation basis at market open on the effective date, with fractional shares rounded up to the nearest whole share. This company operates in the investment holding industry.

Megan Holdings Limited announced that its shareholders approved a 1-for-40 share consolidation at an Extraordinary General Meeting held on August 21, 2026. The marketplace effective date for this reverse split is Tuesday, September 8, 2026, when Class A Ordinary Shares will commence trading on the post-consolidation basis under the symbol “MGN” on The Nasdaq Capital Market. Fractional shares resulting from the consolidation will be rounded up to the nearest whole share at the participant level. Megan Holdings Limited operates in the investment holding industry.

Megan Holdings Limited held an Extraordinary General Meeting on August 21, 2026, where shareholders approved a share consolidation of every 40 ordinary shares into one. The capital reorganization proposal was also passed, reducing authorized share capital par value and increasing the total number of authorized ordinary shares to 500 million. Additionally, the company adopted its fourth amended and restated memorandum and articles of association to reflect these changes and adjust written resolution approval thresholds. The marketplace effective date for the consolidation on Nasdaq has not yet been finalized. Megan Holdings Limited operates in the investment holding industry.

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.

Megan Holdings Limited filed a 6-K announcing an extraordinary general meeting scheduled for August 21, 2026. Shareholders are voting on three proposals: a share consolidation of every 40 ordinary shares into one (a reverse split), a capital reorganization reducing par value to $0.0001 and increasing authorized shares to 500 million, and the adoption of amended bylaws. The consolidation aims to help the company regain compliance with Nasdaq's minimum bid price requirement. The controlling shareholder, Star Sprite Limited, holds approximately 90.73% of voting power and intends to vote in favor of all proposals. Megan Holdings Limited operates as a holding company.

Megan Holdings Limited has successfully adopted a dual-class share capital structure, dividing its share capital into Class A Ordinary Shares (one vote per share) and Class B Ordinary Shares (fifty votes per share). The company's authorized share capital remains US$50,000 divided into 500,000,000 shares, now comprising 450,000,000 Class A shares and 50,000,000 Class B shares. This change was approved by shareholders at the Annual General Meeting held on January 27, 2026. Megan Holdings Limited is a Malaysian-based holding company providing various business services and holding assets in various sectors.