STOCK TITAN

Asia Broadband Increases Stock Dividend For Shareholders

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Asia Broadband (OTC: AABB) has announced a 10% increase in its upcoming stock dividend, now set at 1 share for every 45 shares owned. This change was made in response to shareholder interest and is effective for those on record by May 3, 2021. The Company aims to reward loyal shareholders for their continued support. AABB specializes in the production and sale of precious metals, primarily targeting Asian markets, and has recently introduced a gold-backed cryptocurrency, AABBG, to enhance its business model.

Positive
  • 10% increase in stock dividend from AABB, rewarding shareholders.
  • Focused on innovative distribution of precious metals enhancing value.
  • Launch of AABBG, a gold-backed cryptocurrency, positions AABB as a competitive player.
Negative
  • None.

LAS VEGAS, March 30, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Asia Broadband Inc. (OTC : AABB) is pleased to announce that the Company’s management and Board of Directors have approved an increase in the upcoming stock dividend. The restricted common share dividend will be distributed on the basis of 1 dividend share for every 45 shares owned to shareholders of record of the Company on May 3, 2021. In response to shareholder requests and interest in receiving the stock dividend, the Company increased the dividend by 10% and extended the shareholders of record date. 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 would like to reward its loyal shareholder base for their patience, continued support and interest in sharing the success and growth of the Company.

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. The Company has recently released its freshly minted mine-to-token gold-backed cryptocurrency AABB Gold token (AABBG) and strives to become a world-wide standard of exchange that is secured and trusted with gold backing, an outstanding quality relative to other cryptocurrencies. Visit www.AsiaBroadbandInc.com and www.AABBGoldToken.com

Contact the Company at:

Investor Brand Network 
General Email:ir@asiabroadbandinc.com
Token Support:www.AABBGoldToken.com/support/
Company Website:www.asiabroadbandinc.com
Token Website: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.

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

 


FAQ

What is the new dividend rate for AABB shareholders?

Asia Broadband has increased the stock dividend to 1 share for every 45 shares owned, a 10% increase.

When will AABB's stock dividend be distributed?

The stock dividend will be distributed to shareholders of record on May 3, 2021.

How does AABB's gold-backed cryptocurrency impact its stock performance?

The introduction of the AABBG aims to strengthen AABB's market position and create additional value for shareholders.

Why did AABB decide to increase its stock dividend?

The increase was implemented in response to significant shareholder interest and requests for a higher dividend.

ASIA BROADBAND INC

OTC:AABB

AABB Rankings

AABB Latest News

AABB Stock Data

86.12M
3.39B
0.1%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Las Vegas