On May 25, GIBO Holdings Ltd announced that its board of directors has officially approved a share consolidation plan, which will merge every 25 shares of the company’s issued Class A and Class B common stock into 1 share.
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This stock consolidation initiative aims to adjust the company's capital structure and is generally viewed as a strategic move to optimize equity, increase per-share book value, and meet specific market requirements. The approval of the board resolution marks a new stage in the company's capital management, and the subsequent implementation details will proceed in accordance with relevant regulations.
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