- Decent Holding Inc. (DXST, Financial) to hold an Extraordinary General Meeting on May 9, 2025, at Yantai headquarters.
- Proposed share restructuring includes dual-class shares giving Class A 1 vote per share and Class B 20 votes per share.
- Total authorized share capital remains unchanged at US$50,000, split into 495,000,000 Class A and 5,000,000 Class B shares.
Decent Holding Inc. (Nasdaq: DXST), a prominent Chinese wastewater treatment services provider, has announced its Extraordinary General Meeting (EGM) is scheduled for May 9, 2025, at 9:00 AM Beijing Time (May 8, 9:00 PM Eastern Time) at its headquarters in Yantai, China. The meeting's agenda is to discuss significant amendments to the company's share structure.
The company plans to reclassify existing shares and introduce a dual-class share structure. This transformation involves converting the current 16,250,000 outstanding ordinary shares, including the 8,026,000 shares held by Decent Limited, into Class A ordinary shares with one vote per share. Additionally, 5,000,000 shares will be redesignated into Class B ordinary shares, carrying 20 votes per share, solidifying major shareholder influence.
Moreover, the remaining 483,750,000 authorized but unissued shares will be converted into Class A ordinary shares. Post-restructuring, the total authorized share capital of Decent Holding Inc. will stay at US$50,000, segmented into 495,000,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares, each with a par value of US$0.0001. This capital structure aims to preserve shareholder rights while aligning with strategic interests.
For more information on Decent Holding and to access the EGM details, investors can visit their official investor relations website.
