Sumitomo Mitsui Announces Stock Split

Sumitomo Mitsui Financial (SMFG) has released an update.

Sumitomo Mitsui Financial Group has announced a stock split aimed at creating a more investor-friendly environment and expanding their investor base. The split will result in each common stock share owned by shareholders being divided into three shares. Additionally, a proposal for partial amendments to the Articles of Incorporation will be submitted at the upcoming shareholders meeting to accommodate the changes.

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