Tosei (TYO:8923) will carry out a two-for-one stock split on Dec. 1 to enhance share liquidity and broaden its investor base, the firm said in a Monday filing with the Tokyo bourse.

The split will double the number of issued shares to 97,367,600 from 48,683,800 and increase the authorized share capital to 300 million shares. A corresponding amendment to the articles of incorporation will take effect on the same day.

The Tokyo and Singapore-listed real estate firm also revised its shareholder benefit program, raising the minimum holding requirement to 200 shares from 100 following the split. The change is effective from the record date of Nov. 30, 2026.

Shareholders holding at least 200 shares for five years or more will continue to receive a QUO prepaid card worth 3,000 yen and hotel discount coupons.