SUBSCRIBERS

Vallianz proposes 30-to-1 share consolidation

Board believes proposed share consolidation will help reduce share price volatility, offset effects of short-term share price speculation

Published Wed, Jul 4, 2018 · 09:50 PM

Singapore

OFFSHORE support vessel owner and operator, Vallianz Holdings, has proposed to consolidate every 30 existing ordinary shares in the company into one ordinary share.

As at July 4, 2018, the firm has an issued share capital of S$491.5 million consisting of about 16.6 billion shares. Thus, the proposed share consolidation will result in about 552 million consolidated shares.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes