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OKP Holdings Limited ( (SG:5CF) ) has issued an update.
OKP Holdings Limited has proposed a bonus share issue aimed at rewarding existing shareholders for their loyalty and support, while also making the company’s shares more accessible to a wider pool of investors. By increasing the number of shares in issue without raising new funds or capitalising reserves, the group seeks to enhance trading liquidity and broaden its shareholder base without altering shareholders’ proportional ownership. The board indicated it currently has no plans to undertake a share buy-back despite having a standing share purchase mandate, noting that any future capital management actions, including share repurchases, will depend on market conditions, the company’s financial position and business needs. The bonus issue is not tied to any immediate fundraising, major capital expenditure, mergers and acquisitions, or property development plans, and management emphasised that the shares will be issued fully paid at no cost to existing shareholders.
More about OKP Holdings Limited
OKP Holdings Limited is a Singapore-incorporated company that operates through a group structure, though this announcement focuses on its capital management rather than detailing its specific business activities, products or services.
Average Trading Volume: 270,569
Technical Sentiment Signal: Buy
Current Market Cap: S$380.6M
Learn more about 5CF stock on TipRanks’ Stock Analysis page.