Summary by Moomoo AI
E-Home Household Service has successfully completed its capital reorganization on March 6, 2025, following shareholder approval on November 26, 2024, and Cayman Islands Court confirmation on February 25, 2025. The reorganization includes a capital reduction that decreased the par value of ordinary shares from US$10.00 to US$0.001 per share.The restructuring involved subdividing each authorized but unissued ordinary share into 10,000 new ordinary shares. The company's authorized share capital remains at US$1,000,020,000, now divided into 1 trillion ordinary shares at US$0.001 par value each and 10 million preferred shares at US$0.002 par value each.The credit arising from the capital reduction will be used to offset accumulated losses, with any balance transferred to a distributable reserve account. The company also adopted its Fifth Amended and Restated Memorandum and Articles of Association to reflect these changes.
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