Fitness Champs Holdings Ltd (FCHL) Form 6-K — Jun 30, 2026
Fitness Champs Holdings Ltd announced the results of its extraordinary general meeting held on June 29, 2026, where shareholders approved a drastic increase in authorized share capital and the authorization of share consolidations. The resolutions were passed with strong support, securing the company flexibility to alter its capital structure significantly over the next year. The company’s authorized share capital was raised from US$500,000 to US$23,000,000, increasing the authorized Class A Ordinary Shares from approximately 177.8 million to 10.18 billion. This massive increase provides the board with ample capacity for future capital raising activities or strategic corporate actions.
Key figures
- Par Value
- US$0.00225
- Authorized Capital New
- US$23,000,000
- Authorized Capital Old
- US$500,000
- Reverse Split Ratio Max
- 500:1
- Reverse Split Ratio Min
- 2:1
- Authorized Class BShares
- 22,222,222.22
- Class AShares Outstanding
- 1299391
- Class BShares Outstanding
- 19351
- Authorized Class AShares New
- 10,177,777,777.78
- Authorized Class AShares Old
- 177,777,777.78
- Authorized Preferred Shares
- 22,222,222.22
AI analysis
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