PTL Limited (NASDAQ: PTLE) to undergo 1-for-80 share consolidation. Shareholders agree to consolidate Class A and B ordinary shares.
Hong Kong-based company PTL Limited (NASDAQ: PTLE) has disclosed the approval of a proposed share consolidation plan. This plan entails a 1-for-80 consolidation of the Class A ordinary shares and Class B ordinary shares. Both types of shares, collectively known as Ordinary Shares, will be consolidated. Each of these shares has no par value. This Share Consolidation move marks a significant reorganization within the company's share structure.
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