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ARB IOT Group Limited ( (ARBB) ) has issued an update.
ARB IOT Group Limited, a company based in Singapore, has announced an extraordinary general meeting scheduled for May 14, 2025, to seek shareholder approval for a proposed share consolidation. The consolidation would adjust the company’s issued and unissued ordinary shares at a ratio between one-for-two and one-for-twenty, with the exact ratio to be determined by the board within a year. This move is aimed at potentially enhancing the company’s share value and marketability, although the board retains the discretion to abandon the plan if deemed not in the best interests of the company and its shareholders.
More about ARB IOT Group Limited
YTD Price Performance: 43.40%
Average Trading Volume: 5,177,232
Technical Sentiment Signal: Sell
See more insights into ARBB stock on TipRanks’ Stock Analysis page.