AF Global Limited (SG:L38) has released an update.
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AF Global Limited has introduced a new Scrip Dividend Scheme, allowing shareholders to receive dividends in the form of new shares instead of cash, which ensures they can reinvest in the company without extra costs. The scheme provides flexibility and the potential for increased market liquidity as shareholders can choose to increase their equity without transaction fees. The implementation of this scheme is contingent on necessary approvals, and the company will announce its application to specific dividends in accordance with SGX-ST rules.
For further insights into SG:L38 stock, check out TipRanks’ Stock Analysis page.