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George Kent rises 3.98% on bonus issue planBy Surin Murugiah / theedgemarkets.com | July 20, 2016 : 10:02 AM MYT
KUALA LUMPUR (July 20): Shares of George Kent (Malaysia) Bhd rose 3.98% this morning after it proposed a one-for-four bonus issue, involving up to 75.1 million new shares.
At 9.42am, the stock gained 8 sen to RM2.09 with 1.02 million shares done.
The entitlement date will be determined at a later date by the board, upon receipt of all relevant approvals, the company said in a bourse filing.
George Kent said the bonus issue is aimed at rewarding shareholders, while potentially enhancing the company's capital base.
â€œIt cannot be said too often that in speculation and investment, success comes only to those who work for itâ€
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