GigaMedia shareholders approve all resolutions at annual meeting

TAIPEI - Digital entertainment services provider GigaMedia Limited (NASDAQ:GIGM), a $15.25 million market cap company, announced Thursday that shareholders approved all resolutions presented at its Annual General Meeting (AGM). According to InvestingPro data, the company maintains strong liquidity with a current ratio of nearly 16x.

The Taiwan-headquartered company reported that all five resolutions put to vote at the June 26 meeting received overwhelming support, according to a press release statement.

The approved resolutions included the adoption of audited financial statements, which received 99.25% approval, and the appointment of auditors with 96.22% support. Shareholders also approved directors’ remuneration with 98.80% of votes in favor.

Additionally, the company secured approval for authority to allot and issue shares (97.65% support) and for a share purchase mandate (99.07% approval).

GigaMedia, registered in Singapore, describes itself as a diversified provider of digital entertainment services in Taiwan and Hong Kong. The company focuses on the development, distribution, and operation of digital entertainment, with emphasis on mobile and casual games.

The AGM results follow the company’s filing of its Annual Report on Form 20-F with the United States Securities and Exchange Commission in April 2025.

In other recent news, GigaMedia Limited has reported its financial results for the fourth quarter and the full year of 2024. The company, based in Taipei, Taiwan, filed this information with the United States Securities and Exchange Commission under Form 6-K. While specific financial figures were not disclosed in the provided excerpt, this filing indicates GigaMedia’s compliance with SEC requirements and its commitment to keeping investors informed about its financial health. In addition to these financial disclosures, GigaMedia has announced its upcoming annual general meeting of shareholders. The meeting will address various corporate matters, including the company’s financial statements prepared under U.S. and Singapore GAAP for 2024. The notice, proxy statement, and proxy card for the meeting were filed with the SEC, providing shareholders with the necessary information to vote on corporate matters. The company’s CEO, Huang Cheng-Ming, signed both the financial report and the meeting notice, ensuring their authorization and alignment with regulatory standards. These recent developments offer investors a comprehensive look at GigaMedia’s current financial status and future plans.

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