Vicom proposes share split; FY19 net profit down by 18.1%

Singapore

MAINBOARD-LISTED vehicle inspection company Vicom, a subsidiary of transport operator ComfortDelGro Corp, announced on Wednesday plans to split every ordinary share in the company into four shares.

The move could improve trading liquidity and broaden the shareholder base, the board said in a filing, noting that the share price would be reduced as the number of shares is increased from 88.6 million to 354.6 million.

The board unveiled the plan alongside results showing a double-digit dro…