KPJ share split, bonus issue get positive response

KUALA LUMPUR: KPJ Healthcare Group Bhd’s share price hit an intra-day high of RM4.30 – its highest in almost 12 years – on positive reactions to the company’s plan to split its shares and proposed bonus issue. KPJ ended the day 8 sen, or 1.93% higher at RM4.22 on a moderate volume.

On Thursday, the hospital operator proposed a one-into-two share-split exercise, followed by a bonus issue of one free share for every four shares held after the split, and an issue of up to 131.91 million free warrants on the basis of one warrant for every share held.