Megan Holdings Shareholders Approve Dual-Class Structure and Governance Overhaul

Megan Holdings Limited ( (MGN) ) has issued an announcement.

On January 27, 2026, Megan Holdings Limited held an annual general meeting in Kuala Lumpur at which shareholders representing 66.76% of eligible votes approved all six proposals on the agenda, according to a Form 6-K filed on February 2, 2026. Investors backed the appointment of SFAI Malaysia PLT and HTL International, LLC as independent registered public accounting firms for different fiscal periods, and endorsed a comprehensive overhaul of the company’s capital structure by creating a dual-class share system splitting its authorized capital into Class A and Class B ordinary shares. Shareholders also approved detailed share redesignations affecting both issued and authorized but unissued shares and adopted a second amended and restated memorandum and articles of association to enshrine the dual-class structure and related rights, moves that consolidate the company’s governance framework and may strengthen management’s control and strategic flexibility. An adjournment proposal was also passed, though ultimately not needed as all key resolutions received strong support.

More about Megan Holdings Limited

Megan Holdings Limited is a Malaysia-based foreign private issuer listed in the United States, with its principal executive offices in Kuala Lumpur. While the filing does not describe its operating business, the company is organized with an ordinary share structure and is subject to U.S. securities regulation as evidenced by its SEC reporting obligations.

Average Trading Volume: 51,665

Current Market Cap: $27.46M

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