Silkwave Inc Calls for Crucial EGM on Share Consolidation

CMMB Vision Holdings (HK:0471) has released an update.

Silkwave Inc has announced an extraordinary general meeting (EGM) to be held on October 8, 2024, where shareholders will vote on a proposed share consolidation and potential corporate restructuring. The consolidation will transform every twenty existing shares into one new share of higher par value, subject to approvals from the Hong Kong Stock Exchange and compliance with Cayman Islands law. The meeting follows an earlier adjourned EGM, indicating important decisions regarding the company’s share structure are pending.

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