Palm oil producer Anglo-Eastern Plantations said it planned a 10-for-one share split “to enhance the affordability” of its stock and increase trading liquidity and marketability.
Source: Sharecast
The company currently has 39,976,272 ordinary shares in issue and will have 399,762,720 new shares in issue following the split. Trading in the new shares will start on June 25, AEP added.
Reporting by Frank Prenesti for Sharecast.com
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