Title: Samko Timber Announces Effective Date of Capital Reduction and Cash Distribution for Shareholders
Key Points:
Samko Timber Limited has completed the necessary procedures for the Proposed Capital Reduction, which is now effective as of March 27, 2025 [[2.1]].
The company’s issued and paid-up share capital has been reduced from S$71,379,118.49 to S$68,079,118.49, with a sum of S$3,300,000 to be distributed to entitled shareholders [[2.2]].
The record date for determining the entitlements of shareholders to the Proposed Cash Distribution is set for April 7, 2025 at 5:00 p.m. [[3.1]].
Shareholders whose shares are registered on the Record Date will be entitled to receive a cash distribution of S$0.0004 per share 4.
Potential Impact on Share Price: The completion of the capital reduction and the upcoming cash distribution to shareholders are likely to be seen as positive developments by the market. Investors may view this as an efficient use of the company’s capital and a sign of confidence in the company’s financial position. This announcement could potentially have a favorable impact on Samko Timber’s share price in the near term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and due diligence before making any investment decisions. The author and the publication cannot be held responsible for any investment losses or decisions made based on the information provided.
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