Metaspacex Ltd Announces Upcoming Extraordinary General Meeting

Metaspacex Ltd, a construction and engineering company listed on the Hong Kong Stock Exchange, has announced several key developments concerning its upcoming corporate activities. The company, which operates in the industrials sector, primarily focuses on building interior renovation, makeovers, demolition, and other related services. Based in Hong Kong’s Tsuen Wan sector, Metaspacex Ltd has a market capitalization of 1.68 billion HKD.

On August 5, 2025, Metaspacex Ltd issued a series of notifications to its registered shareholders. The company’s stock closed at 3.4 HKD on August 3, 2025, with a 52-week high of 3.9 HKD on July 20, 2025, and a 52-week low of 1.42 HKD on June 5, 2025. The company’s price-to-earnings ratio stands at -50.707, indicating significant financial challenges.

Key Developments:

  1. Extraordinary General Meeting (EGM) Notice:

    • Metaspacex Ltd has issued a notice of an Extraordinary General Meeting (EGM) to its shareholders. This meeting is a significant event, as it will address critical issues concerning the company’s future direction.

  2. Proposed Adoption of Chinese Name:

    • One of the primary agenda items for the EGM is the proposed adoption of a Chinese name for Metaspacex Ltd. This move could be part of a broader strategy to enhance the company’s brand recognition and market presence in Chinese-speaking regions.

  3. Proxy Form Distribution:

    • In preparation for the EGM, Metaspacex Ltd has distributed a form of proxy for use at the meeting or any adjournment thereof. This allows shareholders who cannot attend the meeting in person to appoint a representative to vote on their behalf.

  4. Notification Letter to Shareholders:

    • A notification letter and request form have been sent to registered shareholders, providing them with essential information and instructions related to the upcoming EGM.

These developments are crucial for shareholders and stakeholders of Metaspacex Ltd, as the decisions made during the EGM could significantly impact the company’s strategic direction and financial health. The company’s leadership is expected to provide further details and rationale for these proposals during the meeting.