HDB - Positive preliminary Q1 results thanks to robust NOII - AGM Note
  • 2022-04-26T00:00:00
  • Company Research

We attended HDB’s online AGM on April 26. The meeting’s main agenda was to propose (1) a stock dividend plan (503.1 million shares — 25% of current outstanding shares), (2) ESOP issuing 20 million shares (equivalent to 1% of current outstanding shares) with a three-year lock-up period from the date of issue and (3) personnel changes for the BOD and BOS.

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