Photo Release: KTC shareholders approved the reduction of par value to Baht 1 to allow Thais more access to KTC stocks with a prospect trading date by middle of July.

Stocks and Financial Services Press Releases Friday July 6, 2018 16:16
Bangkok--6 Jul--Krungthai Card

Earlier this morning, "KTC" or Krungthai Card Public Company Limited, by Mr. Parinya Patanaphakdee (Center Left), Chairman,alongside Mr. Rathian Srimongkol (Center Right), President & Chief Executive Officer and the Board of Directors, hosted the Convening of the Extraordinary General Shareholders' Meeting at The Athenee Hotel Bangkok. KTC shareholders has approved of the change of par value of "KTC" shares from Baht 10 each to Baht 1 each with 100% passing votes. The change of par value would increase liquidity for individual investors, and provide more access to stocks listed under the title "KTC" due to lower shares price. The prospect date for KTC stock trading under the new par value is in the middle of July 2018. After the change of par value, the number of ordinary shares held by each shareholder will increase at the ratio of 1 existing ordinary shares, to 10 new ordinary shares without any effect in shareholding proportion. The Company's registered capital and paid-up capital shall remain the same as Baht 2,578,334,070.


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