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Update MKH proposes 1-for-5 bonus issue

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Update MKH proposes 1-for-5 bonus issue Empty Update MKH proposes 1-for-5 bonus issue

Post by Cals Tue 11 Mar 2014, 18:51

Update MKH proposes 1-for-5 bonus issue
Business & Markets 2014
Written by Chong Jin Hun of theedgemalaysia.com   
Tuesday, 11 March 2014 17:35

KUALA LUMPUR (Mar 11): MKH Bhd has proposed a bonus issue of up to 75.7 million new shares in the property developer.

In a statement to the exchange today, MKH said the exercise would be undertaken on the basis of one bonus unit for every five existing shares held.

"On behalf of the board of directors of MKH, Hong Leong Investment Bank Bhd wishes to announce that the company proposes to undertake a bonus issue of up to 75,671,382 new ordinary shares of RM1 each in MKH on the basis of one bonus share for every five existing MKH shares held on an entitlement date to be determined and announced later," said MKH which also cultivates oil palm.

MKH shares rose three sen or 0.7% to close at RM4.10.
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