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Palace Amusement investors agree to stock split

Investors in movie theatre operators Palace Amusement Company Limited have agreed to a stock split. 
 
The decision was passed at the company's annual general meeting last week.
 
This will see Palace's ordinary shares sub-divided into 600 additional shares.
 
The decision will come into effect from the close of business on February 28. 
 
Shareholders also agreed to increase the company's authorized share capital.
 
The total number of issued Palace stocks will move from 1.44 million ordinary shares to 862.22 million ordinary shares.
 
These  shares are equal to the current shares in circulation.
 
At the close of trading on Friday, Palace Amusement shares were being sold for $2,882.58 per unit.
 


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