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j-Group Holdings Corp to Issue New Shares; to Split Stock; Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2014

Friday, 7 Jun 2013 02:35am EDT 

j-Group Holdings Corp announced that it has decided to issue 5,000 shares through public offering, on a day between June 25, 2013 to June 27, 2013. The Company has decided to split one share of its common stock into 200 shares, effective September 1, 2013. After the stock splitting, the total share outstanding will become 7,731,600. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized shares from 90,000 shares to 18,000,000 shares. The Company has also lowered the year-end dividend forecast from JPY 500 per share to JPY 2.50 per share for the fiscal year ending February 2014. 

Company Quote

6.0 +0.85%
27 Mar 2015