Shareholders Greenlights GULF’s Stock Split, Expecting to Trade in New Value Next Week!

Gulf Energy Development Public Company Limited (GULF) has announced that the Annual General Meeting of Shareholders on April 8, 2020 has approved the change in the Par Value of the company’s shares from Baht 5 per share to Baht 1 per share.

In addition, the number of GULF’s shares will be change from 2,133,300,000 shares to 10,666,500,000 shares.

The shareholders also approved the dividend payment of ฿1.30/share to be paid on April 28, 2020.

Ms. Yupapin Wangviwat, Executive Director and Chief Financial Officer of GULF, has revealed to “Kaohoon Turakij” that the company will proceed to file an official form to the Department of Business Development Ministry of Commerce and then the Stock Exchange of Thailand. The new share price is expectes to be traded by next week.