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Megan Holdings 1-for-40 share consolidation on Sept. 8

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Megan Holdings Limited (MGN) reports that its previously approved 1-for-40 share consolidation of issued and unissued ordinary shares will become effective for trading on The Nasdaq Capital Market on Tuesday, September 8, 2026, described as the Marketplace Effective Date.

The Company’s Class A Ordinary Shares will begin trading on a post-consolidation basis on that date under the existing trading symbol “MGN”. Any fractional shares created by the Share Consolidation will be rounded up to the nearest whole share at the participant level.

Positive

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Negative

  • None.
Share Consolidation Ratio 1-for-40 Consolidation of issued and unissued ordinary shares approved by shareholders
Marketplace Effective Date September 8, 2026 Date post-Share Consolidation trading begins on The Nasdaq Capital Market
Shareholder Approval Date August 21, 2026 Date of Extraordinary General Meeting approving the Share Consolidation
Share Consolidation financial
"approved a 1-for-40 share consolidation of the Company’s issued and unissued ordinary shares"
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.
Marketplace Effective Date market
"the marketplace effective date of the Share Consolidation ... shall be Tuesday, September 8, 2026"
Class A Ordinary Shares financial
"The Company’s Class A Ordinary Shares are expected to commence trading on a post-Share Consolidation basis"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
fractional shares financial
"Any fractional shares resulting from the Share Consolidation will be rounded up to the nearest whole share"
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.

FAQ

What share change did Megan Holdings Limited (MGN) approve?
Megan Holdings Limited approved a 1-for-40 share consolidation of its issued and unissued ordinary shares. This means every 40 existing ordinary shares will be consolidated into 1 share, affecting the share count but not the proportionate ownership of shareholders.

When does the MGN share consolidation become effective on the market?
The share consolidation becomes effective for trading on September 8, 2026, which the company calls the Marketplace Effective Date. From market open that day, Class A Ordinary Shares will trade on a post-consolidation basis.

Will Megan Holdings Limited (MGN) change its trading symbol after the consolidation?
No. The company states that its Class A Ordinary Shares are expected to trade on a post-Share Consolidation basis under the existing trading symbol “MGN” on The Nasdaq Capital Market.

How will fractional shares be treated in the MGN share consolidation?
Any fractional shares resulting from the 1-for-40 Share Consolidation will be rounded up to the nearest whole share at the participant level, according to Megan Holdings Limited’s disclosure.

When did MGN shareholders approve the share consolidation?
Shareholders of Megan Holdings Limited approved the 1-for-40 Share Consolidation at an Extraordinary General Meeting of Shareholders duly held on August 21, 2026, as disclosed by the company.

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

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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 August 2026

 

Commission File Number: 001-42869

 

Megan Holdings Limited

 

B-01-07, Gateway Corporate Suites

Gateway Kiaramas

No. 1, Jalan Desa Kiara

50480 Mont Kiara

Kuala Lumpur, Malaysia

(Address of principal executive offices)

 

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 ☐

 

 

 

 

 

EXPLANATORY NOTE

 

As previously disclosed by Megan Holdings Limited (the “Company”), at the Extraordinary General Meeting of Shareholders duly held on August 21, 2026, the shareholders of the Company approved a 1-for-40 share consolidation of the Company’s issued and unissued ordinary shares (the “Share Consolidation”). The Company hereby announces that the marketplace effective date of the Share Consolidation on The Nasdaq Capital Market shall be Tuesday, September 8, 2026 (the “Marketplace Effective Date”).

 

The Company’s Class A Ordinary Shares are expected to commence trading on a post-Share Consolidation basis at market open on the Marketplace Effective Date under the Company’s existing trading symbol “MGN.” Any fractional shares resulting from the Share Consolidation will be rounded up to the nearest whole share at the participant level.

 

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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.

 

Date:August 25, 2026  

 

Megan Holdings Limited

 

By: /s/ Hoo Wei Sern (Darren Hoo)  
Name: Hoo Wei Sern (Darren Hoo)  
Title: Executive Director,
Chairman and Chief Executive Officer		  

 

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Source: View Original Filing on SEC EDGAR