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Garden Stage Limited Announces Reclassification of its Ordinary Shares
Globenewswire· 2026-02-11 16:55
Core Viewpoint - Garden Stage Limited, a Hong Kong-based financial services provider, announced a share reclassification effective February 12, 2026, on the Nasdaq Capital Market [1]. Group 1: Share Reclassification Details - The authorized share capital will change from US$50,000, consisting of 490,750,000 Class A Shares and 9,250,000 Class B Shares, to a new structure where 9,250,000 Class B Shares will be redesignated as Class B ordinary Shares, and 64,781,655 Ordinary Shares will be redesignated as Class A Ordinary Shares [2]. - Additionally, 425,968,655 authorized but unissued Ordinary Shares will be redesignated as authorized but unissued Class A Ordinary Shares, maintaining all rights and privileges as per the Second Amended and Restated Memorandum of Association [2]. Group 2: Company Operations - Garden Stage Limited operates through two wholly-owned subsidiaries in Hong Kong: I Win Securities Limited, licensed for Type 1 (dealing in securities) activities, and I Win Asset Management Limited, licensed for Type 4 (advising on securities) and Type 9 (asset management) activities under the Securities and Futures Ordinance [4]. - I Win Securities Limited is a participant of the Hong Kong Stock Exchange and holds trading rights, as well as being a participant of the Hong Kong Securities Clearing Company Limited [4].