Skyline Builders (SKBL) introduced that on August 24, 2025, its Board of Administrators accepted a proposal to consolidate the Firm’s approved, issued, and excellent shares. The proposal might be introduced for shareholder approval at an upcoming extraordinary common assembly. Below the proposal to be introduced on the upcoming extraordinary common assembly, shareholders might be requested to approve the consolidation of the Firm’s approved, issued, and excellent shares at a ratio of ten extraordinary shares into one, or at such lesser entire quantity because the Board might decide in its sole discretion, however not fewer than two shares into one. If accepted, the Board will set the ultimate consolidation ratio and efficient date, with the Share Consolidation to be carried out inside one 12 months of shareholder approval. The consolidated shares will retain the identical rights and restrictions as current shares, aside from par worth.
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