TJGC Group (NASDAQ: MCTR) sets 1-for-3 share consolidation effective May 26
Rhea-AI Filing Summary
TJGC Group Limited is consolidating its ordinary shares on a one-for-three basis. Every three existing issued ordinary shares will automatically become one new Ordinary Share, reducing the number of issued shares from 30,300,000 to 10,100,000.
The consolidated shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the opening of market on May 26, 2026, continuing under the symbol TJGC with a new CUSIP number G2588N116. No fractional shares will be issued; any fractional entitlement will be rounded up to the next whole share.
The board of directors approved this consolidation under the BVI Business Companies Act and the company’s memorandum and articles, so no shareholder vote is required. Authorized share capital and the nil par value of the ordinary shares remain unchanged.
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Insights
TJGC is implementing a 1-for-3 share consolidation that alters its share count but not its underlying value.
The company is combining every three issued ordinary shares into one Ordinary Share, cutting issued shares from 30,300,000 to 10,100,000. This type of move, often called a reverse split, changes the share count and likely per-share price, but not total equity.
The consolidation becomes effective for trading on Nasdaq on May 26, 2026, with a new CUSIP while retaining the TJGC symbol. No fractional shares will exist; positions that would have fractions are rounded up to a whole share, slightly increasing holdings for some small shareholders.
The board acted under BVI corporate law and the company’s governing documents without a shareholder vote. Authorized shares remain unlimited and par value stays nil, so the change affects only issued shares. The practical impact will depend on how the market responds once the split-adjusted trading begins.