other material
confidence high
sentiment neutral
materiality 0.15
Zai Lab shareholders approve 10-for-1 share subdivision effective March 30, 2022
Zai Lab Ltd
- Subdivision approved by 82,350,538 votes for vs 21,786 against and 5,788 abstentions.
- Each existing ordinary share (US$0.00006 par) becomes 10 shares (US$0.000006 par).
- Authorized shares increased from 500M to 5B; total par value unchanged at US$30,000.
- Effective March 30, 2022, subject to HK Listing Committee granting listing permission.