Powell Max Calls January 19 Shareholder Vote on Major Capital Restructuring

Tip Ranks
2026.01.09 16:48
portai
I'm PortAI, I can summarize articles.

Powell Max Limited has announced a shareholders meeting on January 19, 2026, in Hong Kong to seek approval for a major capital restructuring. The proposal includes creating three share classes, increasing authorized share capital from 12.5 million to 550.25 million shares, and adopting a new memorandum and articles of association. If approved, directors could issue up to 50 million new Class C shares, potentially reshaping the company's ownership dynamics. Currently, PMAX stock is rated as a Sell with a $2.00 price target due to weak financial performance and negative cash flow.