MIYAJI ENGINEERING GROUP, INC. (JP:3431) has released an update.
MIYAJI ENGINEERING GROUP, INC. has resolved to conduct a share split aimed at enhancing liquidity and attracting a broader investor base by reducing the investment unit price, effective October 1, 2024. This move is in line with the company’s cost of capital and stock price management strategy for FY2024. Although the number of outstanding shares will double, the net assets and shareholders’ equity will remain the same, with an amended Articles of Incorporation to accommodate the increased number of authorized shares.
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