AF Global Limited (SG:L38) has released an update.
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AF Global Limited has announced a proposed capital reduction and cash distribution after securing approval from shareholders, following the successful disposal of assets in Thailand. The company seeks to return surplus capital to its shareholders, amounting to S$0.035 per share. A clarification has also been made regarding the slight discrepancy between the company’s financial reporting share capital and the issued share capital recorded with Singapore’s regulatory authority.
For further insights into SG:L38 stock, check out TipRanks’ Stock Analysis page.