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SHINWA ART AUCTION CO LTD Announces Stock Split and Partial Change to Article of Incorporation of Authorized Share Number; Amends Year-end Dividend Forecast for FY 2014


Tuesday, 16 Jul 2013 02:30am EDT 

SHINWA ART AUCTION CO LTD announced that it has decided to split one share of its stock into 100 shares, effective December 1, 2013. After the stock split, the total share outstanding will become 5,933,900. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article five, the Company will increase total number of authorized shares from 180,000 shares to 18,000,000 shares. As a result, the Company has amended its year-end dividend forecast from JPY 600.00 per share to JPY 6.00 per share, for the fiscal year ending May 2014. 

Company Quote

384.0
1.0 +0.26%
18 Sep 2014