Jun. 11 at 9:26 PM
$BYDDF BYD Company Limited (BYDDY) has announced a bonus issue of shares for the financial year ending December 31, 2024. Shareholders will receive 8 bonus shares for every 10 existing shares held.
This bonus issue, which involves distributing shares using the company's capital reserves, is intended to reward shareholders and potentially enhance shareholder value. It may also improve market liquidity by increasing the number of outstanding shares.
The distribution was approved on June 6, 2025, and the first date of dealing in the bonus shares is set for July 30, 2025.
It's important to note that a previous share split of 3:1 occurred on June 10, 2025, which caused a temporary price drop. This means that for every 1 share held, shareholders received 2 additional shares, effectively tripling their share count.
The bonus issue is separate from this stock split.