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The Hour Glass proposes one-into-three share split

Published on Sep 2, 2014 10:20 PM

SINGAPORE - Luxury watch retailer The Hour Glass announced plans to undertake a share split in which each share will become three shares.

The Singapore-listed firm currently has 235,003,960 issued shares which will result in 705,011,880 issued shares after the exercise, said The Hour Glass.

This will reduce the price of each share and increase its affordability and trading flexibility for smaller investors, it said.

The move is expected to broaden the firm's shareholder base and enhance the liquidity of its shares.

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