Solowin Holdings 6-K Report: Major Share Capital Re-designation Approved!
Key Information from the Financial Report (Form 6-K for Solowin Holdings)
- Issuance Details:
- Date of Report: December 18, 2024
- Extraordinary General Meeting: Held on December 17, 2024, in Hong Kong.
- Record Date for Shareholders: November 11, 2024.
- Total Ordinary Shares: 15,980,000 shares outstanding as of the Record Date.
- Quorum and Voting:
- Quorum Achieved: 11,411,649 Ordinary Shares (71.41%) represented at the meeting.
- Proposal Voted On: One proposal regarding the re-designation of authorized share capital.
- Share Capital Re-designation:
- Old Structure:
- US$100,000 divided into 1,000,000,000 shares at US$0.0001 each.
- New Structure:
- US$100,000 divided into 950,000,000 Class A ordinary shares and 50,000,000 Class B ordinary shares, both at US$0.0001 each.
- Reclassification Notes:
- 941,867,700 unissued shares reclassified into Class A.
- 41,960,000 unissued shares reclassified into Class B.
- 16,172,300 issued shares reclassified into 8,132,300 Class A and 8,040,000 Class B shares.
- Shareholder Votes:
- Votes For: 11,080,608
- Votes Against: 297,948
- Abstentions: 33,093
- Amendment to Articles:
- Shareholders approved the amendment and restatement of the Memorandum and Articles of Association.
- Exhibit:
- The Second Amended and Restated Memorandum and Articles of Association are attached as Exhibit 99.1.
- Corporate Details:
- Company Address: Room 1910-1912A, Tower 3, China Hong Kong City, 33 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong.
- Company Name: Solowin Holdings.
This report indicates significant changes in the company's capital structure and governance, which could impact shareholder value and corporate strategy moving forward. The high percentage of shares represented at the meeting suggests strong shareholder engagement.