Imperial Hotel (9708) · InitiativeAchieved
Expanding the investor base and improving market liquidity through a stock split
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q2. Latest entry: FY2024-Q2.
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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 958 threads.Full recordFilings, disclosures and news, newest first
- FY2024-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 July 2023, the Company implemented a stock split and a partial amendment to its Articles of Incorporation in connection with the stock split, effective 1 October 2023.」
Under the stock split plan, the Company implemented a split from 1 share to 2 shares and amended its Articles of Incorporation effective 1 October 2023. The objectives were to lower the investment unit price, broaden the investor base, and improve market liquidity. - FY2024-Q1First statedAnnual report
「The Company will conduct a stock split, effective as of the record date of 30 September 2023 (Saturday) (in practice, 29 September 2023 (Friday), as 30 September is a non-business day for the shareholder registry administrator), under which each common share held by shareholders listed or recorded in the final shareholder register on that date will be split into 2 shares.」
The Company decided to split 1 share into 2 shares to lower the investment unit price, broaden the investor base, and improve market liquidity. The record date is 30 September 2023 and the effective date is 1 October 2023.