Asia Broadband Approves Shareholder Stock Dividend
Rhea-AI Summary
Positive
- New stock dividend approved at a ratio of 1:35 shares
- Distribution of over 100 million shares to reward shareholders
- Immediate removal of restrictions on past dividend shares
- Shows company's commitment to shareholder value
Negative
- Potential dilution of existing shareholders' stakes
- Exact record date and distribution details not yet finalized
- Restricted nature of dividend shares may limit immediate trading
LAS VEGAS, June 04, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that the Company’s management and Board of Directors have approved a new stock dividend. The common share dividend will be distributed on the basis of 1 dividend share for every 35 shares owned representing over 100 million restricted shares to be distributed. AABB management is currently finalizing the imminent dividend record date and the distribution details with its transfer agent. Further details of the dividend will be announced next week.
Additionally, the Company has confirmed with its transfer agent that all past dividend shares submitted will be released immediately of any restrictions.
AABB continues to advance the corporate initiative to reward its loyal shareholder base for their continued support and interest in sharing the success and growth of the Company’s gold mining and digital assets operations.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
| General Email: | ir@asiabroadbandinc.com |
| Token Support: | support@aabbgmine2token.com |
| Company Websites: | www.asiabroadbandinc.com |
| www.aabbgmine2token.com | |
| www.goldenbaboons.com | |
| Phone: | 702-744-4785 |
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
FAQ
What is the dividend ratio for AABB's new stock dividend?
How many shares will be distributed in AABB's stock dividend?
When is the record date for AABB's stock dividend?
What happens to AABB's past dividend shares?
Why is AABB issuing a stock dividend?
