Meanwhile, the proposed bonus issue of warrants entails the issuance of 250 million five-year warrants, which will further increase the group’s share base to 1.187 billion shares upon full conversion of warrants.
KUALA LUMPUR: GDB Holdings Bhd
’s proposed bonus issue bodes well for the counter as the exercise could help improve the stock’s trading liquidity and marketability.
The company has proposed to undertake 1-for-2 bonus issue of shares and 2-for-5 bonus issue of warrants.
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