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Kandal M Venture approves 40-for-1 share consolidation

The board must set the effective date no later than October 13, 2026; where permitted, fractional entitlements may be rounded up.

(Neutral)

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Form Type
6-K

Rhea-AI Filing Summary

Kandal M Venture Ltd (FMFC) shareholders approved a 40-for-1 share consolidation covering issued and unissued Class A and Class B shares. The board will determine the effective date, which must be no later than October 13, 2026. Each 40 shares with a par value of US$0.00001 will become one share with a par value of US$0.0004. Authorized share capital remains US$50,000, while the authorized share count changes from 5,000,000,000 to 125,000,000. Fractional consolidated shares will not be issued; where permitted, the company is authorized to round up fractional entitlements so each shareholder receives one consolidated share in lieu of a fraction. A total of 68,279,730 votes, approximately 90.68% of votes exercisable as of August 27, 2026, were represented at the meeting.

Consolidation ratio 40 shares for 1 share Approved share consolidation
Authorized shares before consolidation 5,000,000,000 shares Before the share consolidation
Authorized shares after consolidation 125,000,000 shares After the share consolidation
Votes represented 68,279,730 votes Approximately 90.68% of votes exercisable as of August 27, 2026
Votes for 67,997,978 votes (99.59%) Share consolidation proposal
Votes against 274,430 votes (0.40%) Share consolidation proposal
Abstentions 7,322 votes (0.01%) Share consolidation proposal
Share Consolidation technical
"the “Share Consolidation”"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
authorized share capital financial
"the authorized share capital of the Company"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
fractional shares technical
"any fractional shares resulting from the Share Consolidation"
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.
par value financial
"shares of par value US$0.00001 each"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

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How did shareholders vote on FMFC's share consolidation?

The proposal received 67,997,978 votes for (99.59%), with 274,430 votes against (0.40%) and 7,322 abstentions (0.01%).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number 001- 42715

 

Kandal M Venture Limited

(Registrant’s Name)

 

Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province, Kingdom of Cambodia

+855-23425205

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒              Form 40-F ☐

 

 

 

 

Results of Annual General Meeting of Shareholders

 

At the Extraordinary General Meeting of Shareholders (the “Meeting”) of Kandal M Venture Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Company”), convened at held at Room 1501, 15/F Pacific Trade Centre, 2 Kai Hing Road, Kowloon Bay, Kowloon, Hong Kong at 9:00 am on September 22, 2026 (Eastern time and date), the shareholders of the Company adopted resolutions approving all of the proposals considered at the Meeting. A total of 68,279,730 votes, representing approximately 90.68% of the votes exercisable as of August 27, 2026, the record date for the Meeting, were present in person or by proxy at the Meeting. The results of the votes were as follows:

 

Resolution(s)   For   Against   Abstain  
Proposal              
               
To approve, as an ordinary resolution, that              
               

with effect from such date and time to be determined by the board of directors of the Company (the “Effective Date”) provided that such date shall not be later than October 13, 2026:

 

(a) every forty (40) issued and unissued shares (namely, both class A ordinary shares of par value US$0.00001 each and class B ordinary shares of par value US$0.00001 each) in the share capital of the Company be consolidated into one (1) share of par value US$0.0004 each (the “Consolidated Share(s)”) so that the authorized share capital of the Company shall be changed from US$50,000 consisting of 5,000,000,000 shares of par value US$0.00001 each comprised of 4,975,000,000 class A ordinary shares of par value US$0.00001 each and 25,000,000 class B ordinary shares of par value US$0.00001 each to US$50,000 consisting of 125,000,000 shares of par value US$0.0004 each comprised of 124,375,000 class A ordinary shares of par value US$0.0004 each and 625,000 class B ordinary shares of par value US$0.0004 each (the “Share Consolidation”);

 

(b) all fractional Consolidated Share(s) will not be issued to the shareholders of the Company and the Company is, to the extent permissible under applicable laws, regulations and the memorandum and articles of association of the Company, authorized to round up any fractional shares resulting from the Share Consolidation such that each shareholder will be entitled to receive one Consolidated Share in lieu of any fractional share that would have resulted from the Share Consolidation;

 

(c) each director of the Company (the “Director”) be, and hereby is, authorized, approved and directed, on behalf of the Company, to execute such further documents and take such further actions as such Director shall deem necessary, appropriate or advisable in order to carry out the intent and purposes of this resolution, including without limitation, to cancel any old share certificate(s) and to issue and execute any new share certificate(s) representing the Consolidated Shares of the Company, and any and all actions already taken by such Director in connection with this resolution (including his/her prior execution and delivery of any document by such Director) be ratified, approved and confirmed and adopted in all respects; and

 

(d) the registered office provider of the Company be and is hereby instructed to make all such filings with the Registrar of Companies in the Cayman Islands to implement and give effect to the matters approved herein.    

 

67,997,978

(99.59

%)

274,430

(0.40

%)

7,322

(0.01

%)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  KANDAL M VENTURE LIMITED
     
  By: /s/ Duncan Miao
  Name:  Duncan Miao
  Title: Chairman of the Board of Directors

 

Date: September 28, 2026

 

2

 

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