SUPERMAX Corporation Bhd proposed to raise RM35.7 million via a bonus issue of up to 71.4 million new ordinary shares of 50 sen each on the basis of one bonus shares for every four existing shares.
The proposed bonus issue will increase Supermax's capital base to a level which will better reflect the current scale of operations of the company and its subsidiaries, said Supermax in a filing to Bursa Malaysia today.
"It will also enable Supermax's shareholders to have an increased equity participation with a greater number of Supermax shares whilst maintaining their equity interest," it said.
The proposal is expected to be completed within the first half of 2010, it added. -- Bernama
PROPOSED BONUS ISSUE
SUPERMAX CORPORATION BERHAD (SUPERMAX OR COMPANY)
PROPOSED BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH
IN SUPERMAX (SUPERMAX SHARES) (BONUS SHARES) ON THE BASIS OF 1 BONUS SHARE FOR
EVERY 4 EXISTING SUPERMAX SHARES HELD (PROPOSED BONUS ISSUE)
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You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.
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