Alps Group Inc filed a Form 6-K with the U.S. Securities and Exchange Commission on October 30, 2026, reporting the results of an Extraordinary General Meeting held the same day in which shareholders approved three proposals, including a 5-for-1 share consolidation and an increase in authorised share capital.

Key Highlights

  • Meeting participation: 116,891,039 ordinary shares, or 73.79% of the 158,400,314 shares entitled to vote as of the October 5, 2026 record date, were represented at the virtual meeting.
  • Share consolidation approved: Every five Ordinary Shares with a par value of US$0.0001 each will be consolidated into one Ordinary Share with a par value of US$0.0005 each; the same ratio applies to Preferred Shares.
  • Authorised share capital restructured: Following consolidation, authorised capital moves from 500,000,000 shares to 100,000,000 shares, then expands to 210,000,000 shares under the capital increase proposal.
  • Capital increase approved: Authorised share capital is set to rise from US$50,000 to US$105,000, with authorised ordinary shares increasing to 200,000,000 and preferred shares to 10,000,000.
  • Vote margins: All three proposals passed with approximately 99.99% of votes present, with zero broker non-votes recorded on any proposal.
  • Fractional shares: No fractional shares will be issued; any resulting fraction will be rounded up to the next whole share.

Alps Group EGM Results: Consolidation, Capital Increase, and Restated Articles

According to the filing, Alps Group Inc (NASDAQ:ALPS) held its Extraordinary General Meeting virtually on October 30, 2026, at 9:30 A.M. Malaysian Time (9:30 P.M. Eastern Time on October 29, 2026). The company disclosed that the record date for the meeting was October 5, 2026, at which point 158,400,314 ordinary shares were entitled to vote. Of those, 116,891,039 shares, representing 73.79%, were represented in person or by proxy.

The first proposal, the Share Consolidation, was approved by 116,882,786 votes (99.99294%) in favour, with 8,234 votes against and 19 abstentions. As the filing describes, the consolidation combines every five Ordinary Shares at US$0.0001 par value into one Ordinary Share at US$0.0005 par value, and applies the same ratio to Preferred Shares. The consolidated shares retain the same rights and restrictions as the existing shares of each class, except for the change in par value. The total authorised share count would be reduced from 500,000,000 to 100,000,000 as a result.

The second proposal, the Share Capital Increase, received 116,881,745 votes in favour (99.99205%), conditional on the Share Consolidation being effected. It would expand authorised capital from US$50,000 (100,000,000 shares post-consolidation) to US$105,000 (210,000,000 shares), with 200,000,000 authorised ordinary shares and 10,000,000 authorised preferred shares, each at US$0.0005 par value. The third proposal, adoption of a Second Amended and Restated Memorandum and Articles of Association, was approved by 116,881,819 votes (99.99211%) to reflect the consolidation and capital increase. The filing was signed by Dr. Seng Kong Tham, Chief Executive Officer and Director.

What Was Disclosed

Alps Group Inc reported shareholder approval of a 5-for-1 share consolidation, an increase in authorised share capital from US$50,000 to US$105,000, and adoption of restated governing documents, all voted on at a virtual Extraordinary General Meeting held October 30, 2026.