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Dreamland Limited (TDIC) wins approval for flexible multi-step share consolidation

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

Rhea-AI Filing Summary

Dreamland Limited shareholders approved a multi-step share consolidation plan at an extraordinary general meeting. Holders of 21,243,752 Class A shares and 1,000,000 Class B shares voted, representing 60.12% of outstanding shares and 69.26% of total voting power, so quorum was met.

Shareholders first approved a 1-for-5 consolidation of all issued and unissued Class A and Class B ordinary shares, increasing par value from US$0.00001 to US$0.00005 per share while keeping total authorized capital at US$100,000, now divided into 2,000,000,000 shares. They also authorized a further consolidation at a ratio between 1-for-2 and 1-for-250, with the exact ratio and timing within 180 days to be set at the board’s discretion or not implemented.

Both consolidation proposals passed with 33,239,252 votes for, 4,500 against and no abstentions. The board is empowered to handle fractional shares by issuing additional shares from reserves to round up fractions or selling fractional entitlements and distributing net proceeds to affected shareholders.

Positive

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Negative

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Insights

Dreamland gained strong shareholder backing for flexible share consolidations.

Dreamland Limited secured approval for an immediate 1-for-5 share consolidation and a second, optional consolidation within a wide 1-for-2 to 1-for-250 range. Authorized capital stays at US$100,000, but the number of authorized shares falls to 2 billion as par value increases.

Turnout was solid, with 60.12% of outstanding shares and 69.26% of voting power participating. Voting support was overwhelming: 33,239,252 for versus only 4,500 against each proposal. This indicates broad investor acceptance of management’s flexibility to adjust the share count.

The board now has up to 180 days from the 2026 extraordinary meeting to choose whether to implement the further consolidation and at what exact ratio. How the board handles any future ratio choice and market communication around fractional shares will shape the practical impact on investors, while the current approvals primarily change the capital structure mechanics rather than operating performance.

EGM participation 21,243,752 Class A; 1,000,000 Class B shares Shares voting at April 2026 extraordinary general meeting
Voting power represented 69.26% of total voting power Combined Class A and Class B at extraordinary meeting
Initial consolidation ratio 1-for-5 Immediate consolidation of all Class A and Class B ordinary shares
Further consolidation range 1-for-2 to 1-for-250 Optional additional consolidation range approved for board discretion
Authorized capital US$100,000 Remains constant while moving to 2,000,000,000 shares at US$0.00005 par value
Vote result per proposal 33,239,252 for; 4,500 against; 0 abstain Share consolidation proposals at 2026 extraordinary general meeting
extraordinary general meeting financial
"the Company held an extraordinary general meeting of shareholders (the “EGM”)"
Class B Ordinary Shares financial
"Class B ordinary shares, par value $0.00001 each (the “Class B Ordinary Shares”)"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Share Consolidation financial
"collectively, the “Share Consolidation” or “Share Consolidation Proposals”, as applicable"
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 authorised share capital of the Company of US$100,000 divided into 10,000,000,000 shares"
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 entitlements financial
"in respect of any fractional entitlements to the issued consolidated shares resulting from the Initial Consolidation"
Fractional entitlements occur when a corporate action (like a dividend, stock split, rights offering or consolidation) would give a shareholder a non-whole share or security — for example, 0.5 of a share. Companies typically settle these fractions by paying a small cash amount or rounding up/down, and this matters to investors because it changes cash balances, can slightly alter ownership percentages, and may have small tax and record-keeping implications, much like receiving change after splitting a bill.

 

 

 

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 April 2026

 

Commission File Number: 001-42762

 

Dreamland Limited

(Exact name of registrant as specified in its charter)

 

Office No. 5, 17/F., PeakCastle

No. 476 Castle Peak Road, Cheung Sha Wan

Kowloon, Hong Kong

(Address of principal executive offices)

 

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

 

Form 20-F  
     
Form 40-F  

 

 

 

 

 

 

Submission of Matters to a Vote of Security Holders.

 

Dreamland Limited (the “Company”) held an extraordinary general meeting of shareholders (the “EGM”) in person at Office No. 5, 17/F., PeakCastle, No. 476 Castle Peak Road, Cheung Sha Wan, Kowloon, Hong Kong on April 1, 2026, at 10 a.m. Hong Kong Time (March 31, 2026 at 10 p.m. U.S. Eastern Time). Shareholders of the Company’s Class A ordinary shares, par value $0.00001 each (the “Class A Ordinary Shares”) and Class B ordinary shares, par value $0.00001 each (the “Class B Ordinary Shares”) voted by proxy or at the meeting. Holders of 21,243,752 out of a total of 36,000,000 Class A Ordinary Shares issued and outstanding, and holders of 1,000,000 out of a total of 1,000,000 Class B Ordinary Shares issued and outstanding voted at the EGM in person or by proxy, accounting for 60.12% of total outstanding shares voted, representing 69.26% of the total voting power shares voted. As a result, holders representing not less than one-third of the total voting power of the Company’s Class A Ordinary Shares and Class B Ordinary Shares, entitled to vote at the EGM and voting together as a single class, were presented in person or by proxy, and a quorum was therefore present for the transaction of business at the Meeting. Each Class A Ordinary Share is entitled to one (1) vote and each Class B Ordinary Share is entitled to twelve (12) votes. The final voting results for each matter submitted to a vote of shareholders at the meeting are as follows:

 

1. RESOLVED AS AN ORDINARY RESOLUTION THAT:

 

i. the consolidation of each of the issued and unissued class A ordinary shares with a par value of US$0.00001 each (“Class A Ordinary Shares”) and class B ordinary shares with a par value of US$0.00001 each (“Class B Ordinary Shares”, together with Class A Ordinary Shares, the “Ordinary Shares”) at a ratio of one (1)-for-five (5) (the “Initial Consolidation”) be and is hereby approved such that (i) every 5 existing authorised issued and unissued Class A Ordinary Shares with par value US$0.00001 each be consolidated into 1 Class A Ordinary Share with par value US$0.00005 each, and (ii) every 5 existing authorised issued and unissued Class B Ordinary Shares with par value US$0.00001 each be consolidated into 1 Class B Ordinary Share with par value US$0.00005 each, such that following the Initial Consolidation, the authorised share capital of the Company of US$100,000 divided into 10,000,000,000 shares with a par value of US$0.00001 each, comprising (a) 9,500,000,000 Class A Ordinary Shares with a par value of US$0.00001 each and (b) 500,000,000 Class B Ordinary Shares with a par value of US$0.00001 each will become the authorised share capital of US$100,000 divided into 2,000,000,000 shares with a par value of US$0.00005 each, comprising (a) 1,900,000,000 class A ordinary shares with a par value of US$0.00005 each and (b) 100,000,000 class B ordinary shares with a par value of US$0.00005 each; and

 

ii. the Board be authorized to settle as they consider expedient any difficulty which arises in relation to the Initial Consolidation including, but without prejudice to the generality of the foregoing, in respect of any fractional entitlements to the issued consolidated shares resulting from the Initial Consolidation, (a) capitalizing all or any part of any amount for the time being standing to the credit of any reserve or fund of the Company (including its share premium account and profit and loss account) whether or not the same is available for distribution and applying such sum in paying up unissued shares to be issued to shareholders of the Company to round up any fractions of shares issued to or registered in the name of such shareholders of the Company following or as a result of the Initial Consolidation or (b) arranging for the sale of any Class A Ordinary Shares or Class B Ordinary Shares representing fractions and the distribution of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion amongst the shareholders of the Company who would have been entitled to the fractions, and for this purpose the Board may authorize some persons to transfer the Class A Ordinary Shares or Class B Ordinary Shares representing fractions to the purchaser of such shares (who will not be bound to see to the application of the purchase money) or the Company.

 

For   Against   Abstain
33,239,252   4,500   0

 

2. RESOLVED AS AN ORDINARY RESOLUTION THAT:

 

i. the consolidation of (i) each of the issued and unissued class A ordinary shares with a par value of US$0.00005 each (“Consolidated Class A Ordinary Shares”) and (ii) each of the issued and unissued class B ordinary shares with a par value of US$0.00005 (“Consolidated Class B Ordinary Shares”, together with Consolidated Class A Ordinary Shares, the “Consolidated Ordinary Shares”) at a ratio of not less than one (1)-for two (2) and not more than one (1)-for- two hundred and fifty (250) (the “Range”), with the exact ratio to be set at a whole number within the Range and the exact date to be determined by the board of directors of the Company (the “Board”) in its sole discretion by no later than one hundred and eighty (180) days from the date of the 2026 Extraordinary Meeting be and is hereby approved (the “Further Consolidation”);

 

 

 

 

ii. the Board be authorized at its absolute and sole discretion to either (i) implement the Further Consolidation and determine the exact ratio of the Further Consolidation and effective date of such Further Consolidation by no later than one hundred and eighty (180) days from the date of the 2026 Extraordinary Meeting or (ii) elect not to implement the Further Consolidation, and any one director or officer of the Company be and is hereby authorized, for and on behalf of the Company, to do all such other acts or things necessary or desirable to implement, carry out and give effect to the Further Consolidation, if and when deemed advisable by the Board in its sole discretion; and

 

iii. the Board be authorized to settle as they consider expedient any difficulty which arises in relation to the Further Consolidation including, but without prejudice to the generality of the foregoing, in respect of any fractional entitlements to the issued consolidated shares resulting from the Further Consolidation, (a) capitalizing all or any part of any amount for the time being standing to the credit of any reserve or fund of the Company (including its share premium account and profit and loss account) whether or not the same is available for distribution and applying such sum in paying up unissued shares to be issued to shareholders of the Company to round up any fractions of shares issued to or registered in the name of such shareholders of the Company following or as a result of the Further Consolidation or (b) arranging for the sale of any Consolidated Class A Ordinary Shares or Consolidated Class B Ordinary Shares representing fractions and the distribution of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion amongst the shareholders of the Company who would have been entitled to the fractions, and for this purpose the Board may authorize some persons to transfer the Consolidated Class A Ordinary Shares or Consolidated Class B Ordinary Shares representing fractions to the purchaser of such shares (who will not be bound to see to the application of the purchase money) or the Company.

 

For   Against   Abstain
33,239,252   4,500   0

 

(collectively, the “Share Consolidation” or “Share Consolidation Proposals”, as applicable).

 

Accordingly, the Share Consolidation Proposals have been approved.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, on April 9, 2026.

 

  Dreamland Limited
     
  By: /s/ Seto Wai Yue
  Name: Seto Wai Yue
  Title: Director and Chief Executive Officer

 

 

 

FAQ

What share consolidation did Dreamland Limited (TDIC) immediately approve?

Dreamland Limited shareholders approved an initial 1-for-5 consolidation of all issued and unissued Class A and Class B ordinary shares, raising par value per share from US$0.00001 to US$0.00005 while keeping total authorized capital fixed at US$100,000 overall.

What additional share consolidation flexibility did Dreamland (TDIC) grant its board?

Shareholders authorized a further consolidation of consolidated Class A and Class B shares at a ratio between 1-for-2 and 1-for-250. The board may choose a whole-number ratio and effective date, or decide not to proceed, within 180 days of the 2026 extraordinary meeting.

How strong was shareholder support for Dreamland Limited’s share consolidation proposals?

Both share consolidation proposals received overwhelming support, with 33,239,252 votes for, 4,500 against, and no abstentions. This backing came from holders representing 60.12% of outstanding shares and 69.26% of total voting power present in person or by proxy at the extraordinary meeting.

How will Dreamland (TDIC) handle fractional shares from the consolidations?

The board is authorized to address fractional entitlements by issuing extra fully paid shares using reserves to round up fractions or by selling shares representing fractions. Net sale proceeds, after expenses, may then be distributed proportionally to shareholders who would otherwise hold fractional positions.

Does Dreamland Limited’s share consolidation change its total authorized capital?

Total authorized capital remains US$100,000, but its structure changes. After the initial 1-for-5 consolidation, it becomes 2,000,000,000 shares at US$0.00005 par value each, comprising 1,900,000,000 Class A ordinary shares and 100,000,000 Class B ordinary shares instead of the previous 10 billion shares.

What quorum and voting power were present at Dreamland’s 2026 extraordinary meeting?

Holders of 21,243,752 of 36,000,000 Class A shares and all 1,000,000 Class B shares participated, representing 60.12% of outstanding shares. Because each Class B share carries twelve votes, the meeting reflected 69.26% of total voting power, satisfying the one-third voting power quorum requirement.