TMD Energy Ltd (TMDE) Form 6-K — Sep 10, 2026
TMD Energy Ltd filed a 6-K containing its annual general meeting proxy statement, headlined by a proposal to reclassify its authorized capital from 500,000,000 ordinary shares into 400,000,000 Class A ordinary shares carrying one vote each and 100,000,000 Class B ordinary shares carrying twenty votes each. Under the plan, the 10,000,000 shares held by controlling shareholder Straits Energy Resources Berhad would become super-voting Class B shares, entrenching its control, while Class B shares automatically convert to one-vote Class A shares upon any transfer to a non-affiliate.
Key figures
- Board members
- 5
- Quorum threshold
- one-third of outstanding voting shares
- Bunkering vessels
- 15
- Director term years
- 3
- Malaysia ports served
- 19
- Class a votes per share
- 1
- Class b votes per share
- 20
- Par value per share usd
- 0.0001
- Class a authorized shares
- 400000000
- Class b authorized shares
- 100000000
- Authorized share capital usd
- 50000
- Straits energy class b shares
- 10000000
- Current authorized ordinary shares
- 500000000
- Unissued shares reclassified to class a
- 386435000
- Unissued shares reclassified to class b
- 90000000
- Director nominees standing for reelection
- 4
AI analysis
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