Matrix plans bonus issue and free warrants

KUALA LUMPUR: Property developer Matrix Concepts Holdings Bhd has proposed a bonus issue together with free new warrants, on the basis of one bonus share and one free warrant for every six Matrix Concepts shares held on an entitlement date to be determined later.

In a statement yesterday, Matrix Concepts said the exercise would see an issuance of up to 77.8 million new ordinary shares of RM1 par and up to 77.8 million five-year warrants.