Wellchange Holdings Co Ltd (WCT) Form 6-K — Oct 13, 2026
Wellchange Holdings has called an extraordinary general meeting to approve a consolidation of every ten issued and unissued Class A Ordinary Shares into one Class A Ordinary Share, a 1-for-10 reverse split. The consolidation is conditional on a Class B Proposal passing at a separate Class B Meeting, where Class B holders (each carrying 100 votes) must approve by a two-thirds supermajority, effectively concentrating the outcome with insiders. Shareholders will also vote to adopt a seventh amended and restated memorandum and articles of association reflecting the consolidation and an adjusted Class B conversion rate.
Key figures
- Reverse split ratio
- 1:10
- Class b par value
- US$0.000005
- Class b vote per share
- 100
- Special resolution threshold
- two-thirds of votes cast
AI analysis
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