ECONOMYNEXT – Sri Lanka’s Ceylon Hospitals (Durdans) said it will seek shareholder approval for a share sub-division which will see both voting and non-voting shares split into 4. The subdivision will see 31,762,723 voting shares increased to 127,050,892, and 10,133,765 non-voting stock increased to 40,535,060, according to a stock exchange filing. The subdivision of shares will not result in any change to the stated capital of the company, which will remain at 1.778.802.331.50 rupees, Ceylon Hospitals said. The issue is pending regulatory approval. The stock was trading up at (voting) 310.00 rupees and (non-voting) 251.00, before the Colombo Stock Exchange…
Sri Lanka’s Durdans announces share sub division
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