Morella Corporation Limited (AU:1MC) has released an update.
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Morella Corporation Limited announced a share consolidation and the creation of an Unmarketable Parcel Share Sale Facility to reduce administrative costs and improve share manageability. The consolidation will convert every twenty-five existing shares into one, aiming to create a more attractive share price for a wider investor audience. Shareholders with less than $500 worth of shares can sell them without brokerage fees, with the company absorbing the costs.
For further insights into AU:1MC stock, check out TipRanks’ Stock Analysis page.