O&G proposes 1-for-2 share split

SINGAPORE - Catalist-listed O&G is proposing to split every one existing share into two shares to increase market liquidity of its stock and broaden its base of shareholders.

With the share split, the company will have a share capital of S$29.6 million, comprising 477 million shares, it said in a filing with the Singapore Exchange on Monday (March 27).

The proposed share split is subject to SGX approval and must also get the nod from Shareholders by way of an ordinary resolution at a general meeting of the company to be convened.

O&G is a group of specialist medical practitioners focusing on women's health and wellness.