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Ryde Group Enhances CEO’s Voting Power with Share Issuance

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An update from Ryde Group Limited Class A ( (RYDE) ) is now available.

On March 13, 2025, Ryde Group Ltd, a company with a share capital structure comprising Class A and Class B Ordinary Shares, issued 3,000,000 Class B Ordinary Shares to its Chairman and CEO, Mr. Terence Zou. This issuance was in recognition of his significant contributions to the company’s operations in 2024. As a result of this issuance, Mr. Zou now holds approximately 17.7% of the company’s total issued share capital and controls about 58.7% of the aggregate voting power, enhancing his influence over the company’s strategic decisions.

More about Ryde Group Limited Class A

YTD Price Performance: -36.20%

Average Trading Volume: 773,526

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $8.41M

See more insights into RYDE stock on TipRanks’ Stock Analysis page.

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