DHC Joint Stock Company has announced the Board of Directors’ resolution regarding the stock issuance plan to pay dividends for the fiscal year 2024. The plan involves issuing shares at a specific ratio to reward current shareholders, specifically at a rate of 10:1, meaning that one existing share will receive one new share. This issuance aims to bolster equity capital, supporting the company’s expansion and business development activities. The record date for shareholders will be in March 2024, and the issuance is expected to be completed in the second quarter of 2024. Management believes this move will boost investor confidence and promote sustainable development for the company.
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