The proposal entails consolidating every 20 existing issued shares into one ordinary share
The Edge Singapore reports that Seatrium has received in-principle approval from the Singapore Exchange Securities Trading Limited for its proposed share consolidation.
, a transformation aimed at streamlining the company’s equity base. There’s still a window of opportunity if you find yourself among the affected shareholders. You might want to consider increasing your share count before the record date, which is yet to be announced.Seatrium’s statement states, “Shareholders who are in any doubt as to the course of action they should take should consult their stockbroker, bank manager, solicitor, accountant or other professional advisers.
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