Sony Group Corporation (SONY) has released an update.
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Sony Group Corporation has announced a stock split with each current share to become five shares, aiming to lower investment costs and broaden its investor base. The split is scheduled for September 30, 2024, with the resulting increase in total shares to over 6 billion. Additionally, Sony will amend its Articles of Incorporation, increasing the total number of authorized shares to 18 billion, effective October 1, 2024.
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