Corporate digest

Global Testing

THE board of directors of Global Testing Corporation is proposing a dividend of S$0.10 per share. It is also proposing a round of capital reduction and cash distribution, both at S$0.10 per share, the board said in a filing to Singapore Exchange on Friday.

An extraordinary general meeting will be convened to seek shareholders' approval for the dividend, and the capital reduction and cash distribution exercises. For the capital reduction exercise, it is looking to reduce the issued and paid-up share capital of the company by S$3.53 million, or S$0.10 per share, to S$50.19 million. The number of issued shares is unchanged.