Business
PREMIUM CATERING (HOLDINGS) LIMITED ANNOUNCES RESULTS OF ITS EXTRAORDINARY GENERAL MEETING AND SHARE CONSOLIDATION
SINGAPORE, July 11, 2025 (GLOBE NEWSWIRE) -- Premium Catering (Holdings) Limited (“PC” or the “Company”) (Nasdaq: PC), announced that the members approved a share consolidation (“Reverse Stock Split”) of the Company’s authorized and issued Ordinary Shares at a ratio from 1 for 2 to 1 for 18 (the “Range”) at an Extraordinary General Meeting (“EGM”) held today. Following the EGM, the Board of Directors authorized a Reverse Stock Split of 1:9 for all shareholders of record on July 21, 2025. The Com
About this update from Premium Catering (holdings) Limited
[{"type":"image","alt":"Premium Catering (Holdings) Limited","displaySize":"","headline":null,"caption":"Premium Catering (Holdings) Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":282,"height":108,"url":"https://media.zenfs.com/en/globenewswire.com/da87b567cc304d46a116cbdf95eb5a4b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KCX6MNmLANXiypBJ9hKRlA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/da87b567cc304d46a116cbdf95eb5a4b","width":282,"height":108}},"lazy":false},{"type":"text","content":"SINGAPORE, July 11, 2025 (GLOBE NEWSWIRE) -- Premium Catering (Holdings) Limited (“PC” or the “Company”) (Nasdaq: PC), announced that the members approved a share consolidation (“Reverse Stock Split”) of the Company’s authorized and issued Ordinary Shares at a ratio from 1 for 2 to 1 for 18 (the “Range”) at an Extraordinary General Meeting (“EGM”) held today. Following the EGM, the Board of Directors authorized a Reverse Stock Split of 1:9 for all shareholders of record on July 21, 2025. The Company’s Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on the Nasdaq Capital Market as of the open of trading on July 22, 2025 under the existing ticket symbol of “PC”.","length":706,"tagName":"p"},{"type":"text","content":"The Board of Directors believes it is in the best interests of the Company and its Members to maintain compliance with the minimum bid requirements set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirements”) and be traded on the Nasdaq Capital Market. The Minimum Bid Requirements require that the Company’s ordinary shares maintain a minimum bid price of $1.00 in order to continue listing on the Nasdaq Capital Market. The Board believes that effecting the Reverse Stock Split of 1:9 will facilitate compliance with the Minimum Bid Requirements","length":563,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.","length":351,"tagName":"p"},{"type":"text","content":"About Premium Cateri...