SWS new bonus shares, warrants to be admitted to Main Market

The major shareholder of SWS is its executive chairman Tan Sri Tan King Tai, who owns a direct stake of 9.47% and an indirect stake of 17.47%. The other substantial shareholders are Teoh Han Chuan and Datuk Seri Serm Juthamongkhon with a 6.86% stake and 4.98% respectively.

PETALING JAYA: Furniture maker and plastics ware trader SWS Capital Bhd’s new bonus shares and warrants will be admitted to the Main Market of Bursa Malaysia(pic) today.

On Dec 11, SWS announced a proposed bonus issue exercise which entailed the issuance of 36.47 million new bonus shares together with 91.17 million warrants on the basis of two bonus shares together with five warrants for every eight existing SWS shares.