On October 30, 2023, the Board of Directors of SCL Joint Stock Company held a meeting and approved the resolution regarding the issuance of shares to pay dividends for the year 2023. Accordingly, SCL will issue shares at a rate of 20%, meaning every 100 shares held will receive 20 new shares. The purpose of this issuance is to reinvest in previously planned projects and strengthen the company’s working capital. The issuance is expected to take place in the fourth quarter of 2023. This move aims to solidify the company’s market position and enhance attractiveness to investors amidst the current economic landscape. SCL believes this stock issuance will provide long-term benefits for both the company and its shareholders.
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