Shareholders should note, however, that there can be no assurance that the intended effect of the proposed share split above can be achieved, nor is there any assurance that such effect can be sustained in the longer term, the company adds.
Samurai 2K Aerosol, which produces aerosol paint, is proposing a one-to-three stock split so that it can have more flexibility to cater to investors with different investment profiles.
“Furthermore, the reduced price of each board lot of shares would make the shares more accessible and attractive to both existing and potential investors and hence enhance the trading liquidity of the shares over time,” says the company on June 15.
