Oriental Food plans bonus issue and share split

PETALING JAYA: Oriental Food Industries Holdings Bhd (OFI) has proposed a bonus issue of 60 million new ordinary shares of RM1 each on the basis of one bonus share for every one existing share in OFI held by shareholders on an entitlement date to be determined later.

OFI told Bursa Malaysia that upon the completion of the bonus issue, OFI is also proposing a share split involving the subdivision of every one OFI share into two new shares of 50 sen each after the completion of the proposed bonus issue.