Qilian International Holding Group Limited (QLI) has released an update.
Qilian International Holding Group Ltd. successfully conducted an extraordinary shareholders’ meeting, with a majority voting in favor of a significant increase in the company’s authorized share capital and a reclassification of its shares. The meeting saw key resolutions passed, including the adoption of an amended memorandum and articles of association to reflect these changes, with the effective date set for April 29, 2024. The company also clarified its exemption from certain Nasdaq corporate governance listing standards by opting to follow home country rules, aligning with its strategic goals.
For further insights into QLI stock, check out TipRanks’ Stock Analysis page.
