Ten-League International to Execute 1-for-10 Reverse Share Split May 1
On April 6, the board approved a one-for-ten reverse split effective May 1, 2026, merging every ten ordinary shares into one. The split raises par value to US$0.00025 and leaves approximately 2.94 million shares outstanding, aiming to maintain Nasdaq listing.
1. Board Approval and Effective Date
Ten-League International Holdings Limited’s board approved a one-for-ten reverse share split on April 6, 2026, and shareholders ratified the action on April 13. The post-split ordinary shares will begin trading on Nasdaq on May 1, 2026, under the existing ticker.
2. Split Mechanics and Share Count
Under the plan, every ten issued and outstanding ordinary shares will consolidate into one share, increasing par value from US$0.000025 to US$0.00025. Authorized share capital adjusts to 2 billion shares, and approximately 2,940,435 shares will be issued post-split; fractional entitlements will be rounded up.
3. Listing Maintenance Purpose
Management intends the reverse split to elevate the per-share market price to satisfy Nasdaq’s minimum bid requirement and preserve the listing. The adjustment may also enhance trading liquidity and investor appeal.