Tow (4767) · InitiativeAchieved
Lowering the Investment Unit and Expanding the Investor Base Through a Stock Split
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020-Q3. Latest entry: FY2020-Q3.
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Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 956 threads.Full recordFilings, disclosures and news, newest first
- FY2020-Q3AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 14 February 2020, the Company conducted a stock split and partially amended its Articles of Incorporation effective 1 April 2020.」
A 2-for-1 stock split was conducted effective 1 April 2020, increasing the total number of issued shares from 24,484,548 to 48,969,096. This records completion of the measures intended to improve liquidity and expand the investor base by reducing the investment unit. - FY2020-Q2First statedAnnual report
「The purpose is to improve the liquidity of the Company's shares and expand its investor base by creating an environment in which investment in the Company's shares is more accessible through a reduction in the investment unit. Effective as of 31 March 2020, the Company will conduct a 2-for-1 stock split of the common shares held by shareholders listed or recorded in the final shareholder register on that date.」
A resolution was passed to conduct a 2-for-1 stock split of the common shares, with 31 March 2020 as the record date and 1 April 2020 as the effective date. The purpose is to improve liquidity and expand the investor base by reducing the investment unit.