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Update Boilermech plans 1-for-1 bonus issue, transfer listing to main market

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Update Boilermech plans 1-for-1 bonus issue, transfer listing to main market Empty Update Boilermech plans 1-for-1 bonus issue, transfer listing to main market

Post by Cals Fri 08 Nov 2013, 13:43

Update Boilermech plans 1-for-1 bonus issue, transfer listing to main market
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com   
Friday, 08 November 2013 12:15
KUALA LUMPUR (Nov 8): Boilermech Holding Bhd has proposed a one-for-one bonus issue and transfer of its listing to the main market of Bursa Malaysia.

It has also proposed to increase its authorised share capital to RM100 million.

In a filing to Bursa after halting trading in its shares today, the company said it proposed to undertake the following proposals:-

(i)    Transfer of the listing of and quotation for the entire issued and paid-up share capital of Boilermech from the ACE Market to the Main Market of Bursa Malaysia;

(ii)   Issue of 258,000,000 bonus shares on the basis of one bonus share for every one existing Boilermech share held by shareholders; and

(iii)  Increase in the authorised share capital of Boilermech from RM50 million comprising 500,000,000 Boilermech shares to RM100 million comprising 1,000,000,000 Boilermech shares.
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