Uni-Fuels To Consolidate Shares 1-for-10 From Nov 3

KUALA LUMPUR, Oct 30 (Bernama) -- Singapore-headquartered marine fuel solutions provider, Uni-Fuels Holdings Limited (Uni-Fuels) will consolidate its shares at a ratio of one-for-10, effective Nov 3, 2026.

The Nasdaq-listed company’s Class A ordinary shares are expected to begin trading on a post-consolidation basis when the market opens on Nov 3. They will continue to trade under the symbol “UFG”, with a new CUSIP number, G92Y4F134.

In a statement, Uni-Fuels said the consolidation will reduce the company’s issued Class A shares from 9,815,000 to about 981,500 and its Class B shares from 22,650,000 to about 2,265,000.

Every 10 shares, or part thereof, will be combined into one share, with fractional shares rounded up to the next whole share. All outstanding stock options, warrants and other rights to buy Class A shares will be adjusted proportionately.

The company is authorised to issue 500 million shares, comprising 450 million Class A and 50 million Class B ordinary shares.

Shareholders holding shares through a bank, broker or other nominee will have their holdings adjusted automatically to reflect the consolidation.

-- BERNAMA