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Provider: Reuters Investment Profile

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FORVAL TELECOM INC Announces Stock Split and Partial Change to Article of Incorporation; Reaffirms Mid-term Dividend Forecast and Amends Year-end Dividend Forecast for FY 2014

Tuesday, 20 Aug 2013 02:30am EDT 

FORVAL TELECOM INC announced that it has decided to split one share of its stock into 100 shares, effective October 1, 2013. After the stock split, the total share outstanding will become 16,693,200. 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 660,000 shares to 66,000,000 shares. The Company has reaffirmed its mid-term dividend forecast of JPY 700.00 per share and amended its year-end dividend forecast from JPY 800.00 per share to JPY 8.00 per share, for the fiscal year ending March 2014. 

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-4.0 -1.17%
24 Jul 2014