In an earlier filing on Sept 20, the company said that it had an issued and paid-up capital of $65.2 million, comprising 491.7 million shares which include 3.5 million treasury shares. The proposed split will see an additional 491.7 million shares being issued, barring any changes in the number of issued shares until the completion of the share split.
SINGAPORE (Oct 2): China Sunsine Chemical Holdings, the producer of speciality rubber chemicals and rubber accelerators, has received in-principle approval from the Singapore Exchange (SGX) for the proposed share split of one ordinary share into two shares.
In a regulatory filing on Wednesday, the company reported that it had gotten the nod from the exchange for the listing and quotation of additional shares on the Mainboard.
