tiprankstipranks

Ryde Group Enhances CEO’s Voting Power with Share Issuance

Story Highlights

Confident Investing Starts Here:

An update from Ryde Group Limited Class A ( (RYDE) ) is now available.

On March 13, 2025, Ryde Group Ltd, a company with a share capital structure comprising Class A and Class B Ordinary Shares, issued 3,000,000 Class B Ordinary Shares to its Chairman and CEO, Mr. Terence Zou. This issuance was in recognition of his significant contributions to the company’s operations in 2024. As a result of this issuance, Mr. Zou now holds approximately 17.7% of the company’s total issued share capital and controls about 58.7% of the aggregate voting power, enhancing his influence over the company’s strategic decisions.

More about Ryde Group Limited Class A

YTD Price Performance: -36.20%

Average Trading Volume: 773,526

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $8.41M

See more insights into RYDE stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1