Shionogi & Co (JP:4507) has released an update.
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Shionogi & Co. has announced a stock split aimed at enhancing the liquidity of its shares and attracting a broader investor base, with each shareholder receiving 3 shares for every 1 share held as of September 30, 2024. Concurrently, the company is amending its Articles of Incorporation to increase the total number of authorized shares from 1 billion to 3 billion, effective October 1, 2024. Furthermore, Shionogi is revising its dividend forecast upward for the fiscal year ending March 2025, reflecting an effective increase in the previously announced dividend forecast.
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