TSH Resources proposes 1-for-2 bonus issue

KUALA LUMPUR: Plantations-based TSH Resources Bhd has proposed a bonus issue of 451.91 million new shares on a one-for-two basis.

In its filing with Bursa Malaysia on Monday, the Sabah-based company said the bonus issue was to reward its existing shareholders and also enlarge the number of TSH shares without increasing the percentage of equity interest.