Skyline Builders Group Holding Limited Announces Proposed Share Consolidation
Skyline Builders Group (NASDAQ: SKBL), a Hong Kong-based civil engineering services provider, has announced a proposed share consolidation plan. The company's Board of Directors approved the proposal on August 24, 2025, which will require shareholder approval at an upcoming extraordinary general meeting.
The consolidation ratio will be up to 10:1, with a minimum of 2:1, to be determined at the Board's discretion. Any fractional shares resulting from the consolidation will be rounded up to the nearest whole share. If approved, the Share Consolidation must be implemented within one year of shareholder approval.
Skyline Builders Group (NASDAQ: SKBL), una società di servizi di ingegneria civile con sede a Hong Kong, ha annunciato un piano proposto di raggruppamento azionario. Il Consiglio di Amministrazione ha approvato la proposta il 24 agosto 2025, che dovrà ricevere l'approvazione degli azionisti in una prossima assemblea straordinaria.
Il rapporto di raggruppamento sarà fino a 10:1, con un minimo di 2:1, da determinare a discrezione del Consiglio. Eventuali frazioni di azioni risultanti dal raggruppamento verranno arrotondate per eccesso alla quota intera più vicina. In caso di approvazione, il Raggruppamento Azionario dovrà essere attuato entro un anno dall'approvazione degli azionisti.
Skyline Builders Group (NASDAQ: SKBL), un proveedor de servicios de ingeniería civil con sede en Hong Kong, ha anunciado un plan propuesto de consolidación de acciones. El Consejo de Administración aprobó la propuesta el 24 de agosto de 2025, que requerirá la aprobación de los accionistas en una próxima junta general extraordinaria.
La proporción de consolidación será de hasta 10:1, con un mínimo de 2:1, a determinar a discreción del Consejo. Cualquier fracción de acción resultante de la consolidación se redondeará al número entero superior más cercano. Si se aprueba, la Consolidación de Acciones deberá ejecutarse dentro de un año desde la aprobación de los accionistas.
Skyline Builders Group (NASDAQ: SKBL), 홍콩에 본사를 둔 토목공학 서비스 제공업체가 주식 병합(주식 통합) 계획을 제안했다고 발표했습니다. 이사회는 2025년 8월 24일에 제안을 승인했으며, 향후 임시 주주총회에서 주주의 승인이 필요합니다.
병합 비율은 이사회 재량으로 결정되는 최소 2:1에서 최대 10:1까지입니다. 병합으로 발생하는 잔여 주식은 가장 가까운 정수 주로 올림 처리됩니다. 승인될 경우, 주식 병합은 주주 승인일로부터 1년 이내에 시행되어야 합니다.
Skyline Builders Group (NASDAQ: SKBL), un prestataire de services en ingénierie civile basé à Hong Kong, a annoncé un projet de consolidation d'actions. Le conseil d'administration a approuvé la proposition le 24 août 2025, qui devra être ratifiée par les actionnaires lors d'une prochaine assemblée générale extraordinaire.
Le ratio de consolidation sera au maximum de 10:1, avec un minimum de 2:1, le ratio exact étant à la discrétion du conseil. Les fractions d'actions résultant de la consolidation seront arrondies à l'action entière supérieure la plus proche. Si elle est approuvée, la Consolidation d'Actions devra être mise en œuvre dans un délai d'un an suivant l'approbation des actionnaires.
Skyline Builders Group (NASDAQ: SKBL), ein in Hongkong ansässiger Anbieter von Tiefbauleistungen, hat einen vorgeschlagenen Aktiensplitt (Konsolidierungsplan) angekündigt. Der Verwaltungsrat genehmigte den Vorschlag am 24. August 2025, der auf einer bevorstehenden außerordentlichen Hauptversammlung der Zustimmung der Aktionäre bedarf.
Das Konsolidierungsverhältnis soll bis zu 10:1 betragen, mindestens jedoch 2:1, wobei das genaue Verhältnis im Ermessen des Vorstands liegt. Etwaige Bruchteile von Aktien, die durch die Konsolidierung entstehen, werden auf die nächsthöhere ganze Aktie aufgerundet. Falls genehmigt, muss die Aktiensicherung innerhalb von einem Jahr nach der Zustimmung der Aktionäre umgesetzt werden.
- None.
- Potential reduction in trading liquidity due to fewer outstanding shares
- Additional administrative costs associated with the consolidation process
Hong Kong, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that on August 24, 2025, its Board of Directors approved a proposal to consolidate the Company’s authorized, issued, and outstanding shares (“Share Consolidation”). The proposal will be presented for shareholder approval at an upcoming extraordinary general meeting.
Under the proposal to be presented at the upcoming extraordinary general meeting, shareholders will be asked to approve the consolidation of the Company’s authorized, issued, and outstanding shares at a ratio of ten (10) ordinary shares into one (1), or at such lesser whole number as the Board may determine in its sole discretion, but not fewer than two (2) shares into one (1). If approved, the Board will set the final consolidation ratio and effective date, with the Share Consolidation to be implemented within one year of shareholder approval. The consolidated shares will retain the same rights and restrictions as existing shares, other than par value.
No fractional shares will be issued as a result of the Share Consolidation. Any resulting fractional shares will be rounded up to the nearest whole share, ensuring that no fractional ordinary shares remain outstanding.
If the Share Consolidation is implemented, any changes to the Company’s trading symbol or CUSIP number on the NASDAQ Capital Market will be announced in a separate notice.
Further details regarding the extraordinary general meeting will be provided in the proxy statement and notice of meeting to be distributed to shareholders.
About Skyline Builders Group Holding Limited
Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involved residential and commercial developments.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements regarding the proposed Share Consolidation, the Company’s ability to grow its business, and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.
For more information, please contact:
Skyline Builders Group Holding Limited
Investor Relations Department
Email: ir@skylinebuilders.cc
FAQ
What is the proposed share consolidation ratio for Skyline Builders Group (SKBL)?
When will SKBL's share consolidation take effect?
How will fractional shares be handled in SKBL's share consolidation?
Will SKBL's NASDAQ trading symbol change after the share consolidation?
What approvals are needed for SKBL's share consolidation?
