In its meeting held on February 28, 2018, the Board of Directors of DFNN Inc. (PSE: DFNN) approved the declaration of property dividends consisting of 8 million shares of its affiliate Hatch Asia Inc.
On July 24, 2018, the entitlement ratio was amended to reflect the intention of the board and to distribute the Hatch Asia shares to the shareholders of DFNN to the fullest extent possible. The entitlement ratio is 1 Hatch Asia share for every 40.5775 DFNN shares. Any fractional shares will be rounded off.
On 18 September 2018, DFNN was informed that the Securities and Exchange Commission issued on 17 September 2018 a Certificate of Filing the Notice of Property Dividend Declaration certifying that the notice of the property dividend declaration has been noted by the Commission considering that the company has sufficient retained earnings to warrant the said dividends.