UCBH Holdings, Inc. Announces Two-for-One Stock Split
biz.yahoo.com
Monday February 14, 6:30 am ET
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 14, 2005--UCBH Holdings, Inc., the holding company of United Commercial Bank (UCB(TM)), today announced that its Board of Directors has declared a two-for-one stock split to be effected in the form of a stock dividend for shareholders of record as of March 31, 2005. The stock split will be payable on April 12, 2005. Shareholders will receive a dividend of one additional share of UCBH common stock for each share owned.
"We are pleased with the solid financial performance of UCBH, and this stock split reflects our continued confidence in our ability to build upon the success we have achieved since converting to a commercial bank in July 1998," said Mr. Thomas S. Wu, Chairman, President and Chief Executive Officer of UCBH Holdings, Inc. "We believe that this split will improve market liquidity and result in a wider ownership of the Company's stock." |
