noco-noco Inc (NCNC) has released an update.
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noco-noco Inc. successfully held its 2024 Extraordinary General Meeting, where shareholders approved a significant share consolidation, reducing the number of shares by consolidating every fifty existing shares into one new share, effective from October 17, 2024. The company also revised its authorised share capital structure and adopted a new set of memorandum and articles of association to reflect the changes and allow for future hybrid or virtual general meetings. These strategic moves are aimed at bolstering the company’s position in the energy transition sector, leveraging its unique X-SEPA battery separator technology.
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