UTime Shareholders Greenlight Major Corporate Reshuffle

UTime (WTO) has released an update.

UTime Limited shareholders have overwhelmingly approved proposals for a share consolidation and an increase in the company’s authorized share capital during an extraordinary general meeting. The share consolidation will combine every twenty-five ordinary shares into one, resulting in fewer, higher-value shares. Additionally, the authorized share capital will increase tenfold, paving the way for a potential expansion of the company’s equity base.

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