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(NYSE: CANG) fixed the ratio and effective date for a share consolidation Thursday, acting on authorization that shareholders granted at an extraordinary general meeting held June 24, 2026.
The Dallas-based company disclosed the terms in a release issued the same day.
June 24 shareholder meeting Shareholders convened June 24, 2026 at the extraordinary general meeting and voted to authorize the board to set the consolidation's specific terms, the company said.
Extraordinary general meetings fall outside a company's regular annual meeting cycle. They are called when a corporate action requires shareholder approval before the next scheduled annual gathering.
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