BUKIT MERTAJAM, MALAYSIA, July 09, 2026 (GLOBE NEWSWIRE) -- CCH Holdings Ltd (Nasdaq: CCHH) ("CCH" or the "Company"), a Malaysia-based specialty hotpot restaurant chain, today announced a share consolidation of the Company's issued and outstanding Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-10 shares (the "Share Consolidation"), which will take effect at the open of The Nasdaq Stock Market ("Nasdaq") on July 13, 2026.
On March 4, 2026, the Company held its annual general meeting of shareholders, and the shareholders approved, by an ordinary resolution, to authorize the board of directors of the Company (the "Board") to implement a share consolidation of the Company's Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-10, to be implemented on a date when the closing market price per Class A ordinary share is less than US$1.00. On June 30, 2026, the Board approved implementation of the Share Consolidation at a ratio of 1-for-10 shares.
The objective of the Share Consolidation is to enable the Company to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires issuers listed on The Nasdaq Capital Market to evidence a minimum bid price of $1.00 per share.
Upon the open of trading on July 13, 2026, the Company's Class A ordinary shares will begin trading on a Share Consolidation-adjusted basis, under the same symbol "CCHH" but under a new CUSIP number, G1993F114.
As a result of the Share Consolidation, each 10 Class A ordinary shares with a par value of $0.00001 will automatically combine and convert into one issued and outstanding Class A ordinary share with a par value of $0.0001, and each 10 Class B ordinary shares with a par value of $0.00001 will automatically combine and convert into one issued and outstanding Class B ordinary share with a par value of $0.0001. The Share Consolidation will affect all shareholders uniformly and will not alter any shareholder's percentage of ownership interest in the Company, except for minimal changes that may result from the treatment of fractional shares. No action is required by shareholders holding their shares through a brokerage account.
No fractional shares will be issued to any shareholders in connection with the Share Consolidation, and each shareholder will be entitled to receive one full Class A ordinary share or Class B ordinary share, as applicable, in the Company in lieu of the fractional share that would have resulted from the Share Consolidation.
At the time the Share Consolidation is effective, the Company's total issued and outstanding Class A ordinary shares will change from approximately 38,437,000 to approximately 3,843,700, and the Company's total issued and outstanding Class B ordinary shares will change from approximately 9,720,000 to approximately 972,000 shares. The Company's authorized share capital will be proportionally reduced from US$50,000 divided into 5,000,000,000 shares of a par value of US$0.00001 each to US$50,000 divided into 500,000,000 shares of a par value of US$0.0001 each.