Towa Corporation (JP:6315) has released an update.
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TOWA CORPORATION has announced a three-for-one stock split and a revision of their dividend projections for the fiscal year ending March 31, 2025, aiming to improve stock liquidity and attract a broader investor base. The stock split will increase the total number of issued shares from 25,046,852 to 75,140,556 shares, while maintaining the current capital amount. Additionally, the articles of incorporation will be amended to reflect the new total number of authorized shares at 240 million, effective October 1, 2024.
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