Directors of Sopan Bhd Making Bold Financial Moves!
What bold financial transactions did the board of directors of Sopan Bhd make in the years 2019 and 2020?
- Issuing 80,000 4% preference shares
- Redeeming 70% of redeemable preference shares
- Issuing 20,000 ordinary shares
- Issuing 150,000 ordinary shares
- Declaring a dividend of two shares for every ten shares
Summary of bold financial transactions in 2019 and 2020 by Sopan Bhd
During the years 2019 and 2020, the board of directors at Sopan Bhd made significant financial moves to strengthen the company's position and drive growth...
The board started by issuing 80,000 4% preference shares in August 2018, which were fully subscribed and paid. This injection of funds helped boost the company's financial reserves...
Furthermore, in January 2019, the directors decided to redeem 70% of the redeemable preference shares at a favorable price, partially financing it by issuing 20,000 ordinary shares...
In May 2019, an additional 150,000 ordinary shares were issued at an attractive price, further strengthening the company's equity base. Despite a refund to unsuccessful applicants, this move was well-received by investors...
Lastly, in April 2020, a dividend of two shares for every ten shares was declared, adhering to the company's dividend policy and rewarding shareholders for their loyalty...
Overall, these bold financial transactions showcase the proactive approach taken by the board of directors at Sopan Bhd to drive value creation and sustainable growth for the company...