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MDJM LTD (UOKA) OKs major share capital hike and future consolidation plan
MDJM LTD shareholders have approved a significant increase in the company’s authorized share capital from US$250 million to US$4.4625 billion, allowing for the issuance of up to 5.1 billion ordinary shares. Additionally, shareholders granted the board of directors the authority to implement a share consolidation at a future date and ratio of their choosing, within a defined “Relevant Period.” These resolutions passed with substantial majority, indicating strong shareholder support for increased capital structure flexibility.