Rich Capital Holdings Proposes 200-to-1 Share Consolidation: What Investors Must Know Before the EGM

Rich Capital Holdings Limited has released its Proxy Form and accompanying notes for an upcoming Extraordinary General Meeting (EGM) scheduled for Friday, 7 November 2025, at 2:30 p.m. at 140 Paya Lebar Rd, #03-04 AZ@ Paya Lebar, Visual Arts Centre, Singapore 409015. The key agenda item that could have a significant impact on shareholders and the company’s share price is the proposed consolidation of every 200 existing shares into one consolidated share.

Key Points from the EGM Notice

• Major Share Restructuring: The company is seeking shareholder approval for the consolidation of every 200 shares into one consolidated share. This is a dramatic move intended to restructure the share capital of Rich Capital Holdings Limited.
• Voting Process: Shareholders can appoint a proxy to vote on their behalf, and if no proxy is specified, the Chairman of the meeting will act as proxy. Notably, investors holding shares under the Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) must appoint the Chairman as their proxy if they are not attending in person, and the standard proxy form does not apply to them.
• Submission Requirements: Proxy forms must be submitted to Tricor Barbinder Share Registration Services at 9 Raffles Place, Republic Plaza, Tower I, #26-01, Singapore 048619, or via email to [email protected], at least 72 hours before the meeting. Incomplete or improperly filled forms may be rejected.
• Voting Rights: Members (other than Relevant Intermediaries) can appoint up to two proxies, specifying the proportion of shareholdings each represents. Relevant Intermediaries can appoint more than two proxies, with each proxy representing different shares.

Potential Price-Sensitive Impact for Shareholders

• Share Price Volatility: The consolidation will reduce the number of shares in circulation by a factor of 200, which could lead to a significant adjustment in the share price. Typically, such a move may result in a higher nominal price per share but could also impact liquidity and market perception.
• Corporate Action Rationale: While the specific rationale for the consolidation is not detailed in the proxy form, such actions are often taken to improve the company’s share structure, comply with listing requirements, or signal a strategic shift. Investors should be alert to future announcements regarding the reasons and anticipated outcomes.
• Impact on Shareholding: Post-consolidation, investors will hold fewer shares, though the aggregate value should theoretically remain unchanged, barring market fluctuations. Fractional entitlements may arise, and investors should watch for announcements on how these will be treated.
• Action Required: Shareholders must ensure their proxy forms are correctly completed and submitted in advance to participate in the vote. Failure to do so could result in the inability to influence this price-sensitive resolution.

Other Vital Details

• Personal Data Privacy: Submission of proxy forms implies agreement to personal data privacy terms as set out in the EGM notice.
• Corporate Representation: Corporate shareholders may authorize a representative to act at the EGM by director resolution, with proper documentation required.
• Rejection of Proxy Forms: The company reserves the right to reject incomplete, illegible, or improperly completed proxy forms, or where the appointor’s intentions are unclear.

Investor Takeaways

This proposed 200-to-1 share consolidation is a significant corporate action that may affect the trading dynamics of Rich Capital Holdings Limited’s shares. Such consolidations can lead to higher share prices, reduced volatility, and potentially improved market perception, but can also reduce liquidity and signal underlying strategic changes. Investors should carefully consider the implications, ensure their voting rights are exercised, and await further disclosures from the company regarding the strategic rationale and the handling of fractional shares. This resolution has the clear potential to move the share price and should be closely monitored.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Investors are advised to conduct their own due diligence and consult with their financial advisors before making investment decisions regarding Rich Capital Holdings Limited.

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