Asia Pacific Wire & Cable Corporation Limited announced on July 24, 2025, that it will host its 2025 Annual General Meeting for shareholders on September 9, 2025. The meeting is scheduled to take place at the office of Pacific Holdings Group in Plano, Texas.
A key item on the agenda for the annual shareholder meeting is a proposed reverse stock split. This action is being considered as a mitigation strategy to address the potential delisting from Nasdaq if the common shares' bid price falls below $1 for 30 consecutive business days.
The proposal for a reverse stock split is a significant corporate governance matter. While it aims to ensure continued Nasdaq listing compliance, which is important for the company's public market presence, it can also be viewed by investors as a measure to address a low stock price.
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