Cearth Technology (458870) announced Monday it will issue a 200% stock dividend, allocating two new shares for every existing share held.
The company will issue 25.37 million new shares, increasing total outstanding shares to 38.06 million by the 25th of this month. The new shares are scheduled to be listed on Feb. 13.
The move aims to lower investment barriers following recent share price gains and enhance trading liquidity through the expanded share count, the company said.
"As our growth story continues, we will expand our investor base and establish a stable supply-demand foundation to build a shareholder structure aligned with our future business expansion," a company official said.
Regarding recent developments in the Middle East, Cearth Technology said its digital healthcare business targeting medical institutions in Abu Dhabi, UAE, is proceeding as planned.
"Cooperation with local partners and business preparations are continuing without disruption," the company said.
Cearth Technology is expanding into the remote patient monitoring (RPM) market alongside overseas medical institutions and partners, particularly in the Middle East. The company's wearable AI-based electrocardiogram analysis technology and patient monitoring solutions enable remote management of patients after hospital discharge.
Global demand for RPM-based digital healthcare is surging due to aging populations and increasing chronic disease management needs.