XMH Holdings (SGX:BQF) revealed plans for a share split of one-to-four based on a weighted average price per share of SG$2.2709, according to a Friday filing with the Singapore Exchange.
Shares of the marine engine distributor zoomed over 7% in Monday trading.
The share split exercise will allow the company to increase the market liquidity of its shares and potentially broaden its shareholder base.
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