Wellchange Announces 1-for-400 Split, Major Voting Power Expansion
Wellchange Holdings proposed a 1-for-400 reverse stock split, a substantial boost to Class B voting rights, plus par-value reduction and capital expansion. The changes aim to lift the stock price to meet Nasdaq minimum bid requirements and facilitate future financings. Proxy materials are due June 16, with July 6 shareholder meetings scheduled in Hong Kong.
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