Rich Capital Holdings Limited Completes 200-to-1 Share Consolidation

Rich Capital Holdings Limited has announced the successful completion of its previously proposed share consolidation, with significant implications for shareholders and potential impacts on the company’s share price.

Key Points from the Announcement

• Effective Date: The share consolidation took effect at 9:00 a.m. on 18 November 2025.
• Consolidation Ratio: Every 200 existing ordinary shares have been consolidated into 1 new consolidated share.
• Shareholder Approval: The proposal was approved by an ordinary resolution at the Extraordinary General Meeting (EGM) held on 7 November 2025.
• Updated Share Capital: Following the consolidation, Rich Capital Holdings now has an issued share capital of S\$72,569,150 comprising 36,713,664 consolidated shares (including 7,518,928 scrip shares).
• Trading Arrangements: The new shares will be traded in board lots of 100 shares. Odd lots resulting from the consolidation can be traded on the SGX-ST Unit Share Market in any quantity less than a full board lot.
• New Stock Code: From 18 November 2025, the company’s shares will be traded under the new stock code 1U8 (ISIN: SGXE20364795). The previous code, 5G4, has been retired.

Important Details and Price-Sensitive Information for Shareholders

• Fractional Shares: Any fractional entitlements resulting from the consolidation are to be disregarded. Importantly, shareholders whose holdings were less than 200 shares at the record date will receive 1 consolidated share. All entitlements have been rounded up to the nearest whole consolidated share.
• Impact on Shareholding: While the total number of shares is drastically reduced by the 200-for-1 consolidation, each consolidated share will rank pari passu (equally) in all respects with each other.
• Odd Lot Trading: Shareholders who find themselves with odd lots (less than 100 shares) can trade these on the SGX-ST Unit Share Market. However, the market for such odd lots may be illiquid and could result in disproportionate transaction costs. Shareholders are advised to consult their professional advisers if considering such transactions.
• Share Certificates: Holders of physical (“Old”) share certificates are required to exchange these for “New” share certificates by submitting them to Tricor Barbinder Share Registration Services. Old certificates are not valid for settlement of trades on the Catalist of the SGX-ST; only the new consolidated share certificates will serve as evidence of title. However, trades on the exchange are settled in a scripless (book-entry) form.
• Administrative Details: New share certificates will be mailed out within 10 market days of the record date following submission of old certificates. Shareholders should notify the registrar of any lost certificates or change of address.

Potential Share Price Impact

The completion of a 200-to-1 share consolidation is a significant event that may affect the share price in several ways:

• Perceived Value: Share consolidations typically increase the trading price per share by reducing the number of shares in issue. This can improve the company’s image, attract institutional investors, and enhance compliance with listing requirements.
• Liquidity Considerations: While board lot trading is standardized, the presence of odd lots and the potential illiquidity in the odd lot market can impact the ease with which minority shareholders can trade their holdings.
• Market Sentiment: Significant corporate actions such as this consolidation can sometimes be interpreted as attempts to boost share price or meet listing rules, rather than a reflection of improved business fundamentals. Investors should monitor subsequent announcements and performance closely.

Administrative and Contact Information

• Share Registrar: Tricor Barbinder Share Registration Services, 9 Raffles Place, #26-01 Republic Plaza, Singapore 048619.
• Sponsor: SAC Capital Private Limited. Contact person: Ms Tay Sim Yee, 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Conclusion

The completion of the share consolidation is a material event for Rich Capital Holdings Limited, leading to a substantial change in the number of shares in issue and potentially impacting trading dynamics and share price. Shareholders are advised to review their holdings, ensure proper exchange of share certificates if necessary, and consult professional advisers regarding odd lot trading and related matters.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors are encouraged to consult with their financial advisers before making any investment decisions. The information is based on company announcements and is subject to change without notice.

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