Tuesday, April 22nd, 2025

Soilbuild Construction Group Ltd. Announces Proposed Share Consolidation

Soilbuild Construction Group Ltd. has proposed a share consolidation, where every ten existing shares will be consolidated into one consolidated share. The key points to note are:

  1. Share Consolidation: Every 10 existing shares held by shareholders as of a record date (yet to be determined) will be consolidated into 1 share. Fractional entitlements will be disregarded.

  2. Extraordinary General Meeting (EGM): Shareholders’ approval for the consolidation will be sought at an EGM. Details for the EGM will be circulated to shareholders in due course.

  3. Trading in Consolidated Shares: The consolidated shares will be traded on the Singapore Exchange in lots of 100 shares. For shareholders holding less than ten shares, they will no longer be shareholders post-consolidation unless they acquire additional shares.

  4. Approval in Principle: The Singapore Exchange has granted approval in principle for the listing and quotation of up to 165,466,068 consolidated shares, subject to shareholders’ approval at the EGM.

  5. Cautionary Note: The share consolidation is subject to various conditions, and there is no assurance of completion as of the date of this announcement.

Important Dates: To be determined, pending shareholder approval.

Price Impact: The consolidation will not affect the company’s issued and paid-up share capital.

Investor Actions: Shareholders should consult their financial advisors if they hold less than 10 shares or have questions about the consolidation. Further details will be provided in the company’s circular to shareholders.

Courage Investment Group Limited Annual Report 2024 Analysis and Insights

Courage Investment Group Limited Reports Improved Financial Performance in 2024 Courage Investment Group Limited, a Hong Kong-based investment holding company, has released its annual report for the year ended December 31, 2024. The report...

NikkoAM-StraitsTrading Asia ex Japan REIT ETF Dividend Distribution Announcement – 10 April 2025

NikkoAM-StraitsTrading Asia ex Japan REIT ETF Announces Dividend Distribution of S\$0.0117 per Unit Key Points to Consider for Retail Investors Nikko Asset Management Asia Limited has announced a dividend distribution of S$0.0117 per unit...

17LIVE Group Proposes Major ESOP Expansion and Share Buyback Amid Revenue Decline: Key Shareholder Concerns Addressed

17LIVE’s Strategic Moves: Share Buybacks and ESOP Amendments Aim to Boost Shareholder Value 17LIVE’s Strategic Moves: Share Buybacks and ESOP Amendments Aim to Boost Shareholder Value 17LIVE Group Limited has released a detailed response...