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ZAPPALLAS, INC. Announces Partial Change to Article of Incorporation of Authorized Share Number; Amends Year-end Dividend Forecast for FY 2014

Thursday, 20 Jun 2013 05:00am EDT 

ZAPPALLAS, INC. announced that it has received approval from the shareholders meeting to make partial change to its article of incorporation on November 1, 2013. Based on change to article six, the Company will increase total number of authorized shares from 500,000 shares to 50,000,000 shares. The Company has therefore lowered the year-end dividend forecast from JPY 2,200 per share to JPY 22 per share, for the fiscal year ending April 2014. 

Company Quote

-22.0 -3.55%
2:00am EDT