Asia Broadband Confirms Stock Dividend For September Shareholders of Record
Asia Broadband (OTC: AABB) announced the allocation of its first restricted stock dividend, distributing 1 share for every 100 shares owned to shareholders as of September 15, 2022.
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Rhea-AI Summary
Asia Broadband (OTC: AABB) announced the allocation of its first restricted stock dividend, distributing 1 share for every 100 shares owned to shareholders as of September 15, 2022. This initiative aims to reward its loyal shareholder base amidst the company’s ongoing growth in gold mining and digital assets, including the introduction of a gold-backed cryptocurrency, AABBG. AABB seeks to strengthen its market position through vertical integration in the supply of precious metals.
Positive
- Shareholders will receive a dividend of 1 share for every 100 shares owned, reflecting the company's commitment to rewarding its investors.
- Continued growth in gold mining operations and the introduction of a digital asset segment may enhance shareholder value.
Negative
- None.
Details
News Market Reaction – AABB
The recorded move for AABB in the trading session of this news was -12.83%.
Data tracked by StockTitan Argus. Session date unavailable.
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LAS VEGAS, June 28, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce the details and allocation date of the first of two shareholders stock dividends recently approved by the Company. The restricted common share dividend will be distributed on the basis of 1 dividend share for every 100 common shares owned to shareholders of record or beneficial owners of the Company on September 15, 2022. The majority of shareholders will receive the dividend shares through their brokers or investment firms. Alternatively, shareholders that own registered share certificates with the Company’s transfer agent will receive the dividend shares directly by mail.
AABB continues to advance the corporate initiative to reward its loyal shareholder base for their patience, continued support and interest in sharing the success and growth of the Company’s gold mining operations and digital asset division.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. 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.
Contact the Company at:
| General Email: | ir@asiabroadbandinc.com |
| Exchange Support: | https://aabbexchange.com/faq/ |
| Token Support: | https://aabbgoldtoken.com/faq/aabb-wallet/ |
| www.AABBGoldToken.com/support/ | |
| Company Websites: | www.asiabroadbandinc.com www.AABBExchange.com www.AABBGoldToken.com |
| Phone: | 702-866-9054 |
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.
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