PTL Plunges 12.88% on Dual-Class Share Structure Approval

On June 20, 2025, PTL experienced a significant drop of 12.88% in pre-market trading, marking a notable shift in its stock performance.

PTL Limited, a Singapore-based company, recently secured shareholder approval for several key proposals. The most significant of these is the establishment of a dual-class share structure, which aims to grant insiders enhanced voting power. This change could potentially influence the company's strategic decisions and governance, providing a more stable foundation for future growth.

In addition to the dual-class share structure, PTL Limited has also approved a share consolidation proposal. This move is part of a broader strategy to streamline the company's equity and potentially enhance its market position. The consolidation is expected to simplify the shareholding structure, making it more attractive to investors and potentially stabilizing the stock price in the long term.