At present the number of shares in issue 492 million shares and post sub division it will increase to 1.97 billion shares.

The stated capital of Rs. 4.24 billion will remain unchanged following the subdivision.

This proposal is subject to shareholder approval at the General Meeting and regulatory clearance from the Colombo Stock Exchange (CSE).

Post announcement, Sunshine Holdings shares price yesterday closed at Rs. 94.50, up by 11% or Rs. 9.50