Asia Commercial Bank (ACB) has approved a resolution from its Board of Directors regarding the issuance of shares to pay dividends for the fiscal year 2024. This stock issuance program aims to strengthen ACB’s charter capital and provide shareholders with a more flexible form of dividend receipt through shares instead of cash. The issuance is set to take place soon, with specific plans regarding the number of shares and issuance ratio to be announced in subsequent notifications. ACB’s main goal in this issuance plan is to enhance its financial capacity for boosting business operations and increasing competitiveness in the market. ACB shareholders are expected to benefit from receiving dividends in shares, contributing to the long-term increase in their asset value.
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