GD Express plans a 3-for-1 bonus issue

  • Corporate News
  • Friday, 24 Mar 2017

GD Express Carrier Bhd HQ in PJ

KUALA LUMPUR: GD EXPRESS CARRIER BHD (GDex) has proposed a 3-for-1 bonus issue of up to 4.71 billion new shares.

The courier company, whose current share capital comprises 1.39 million shares, told Bursa Malaysia that it would issue between 4.18 million and 4.71 million bonus shares to reward shareholders and improve the trading liquidity and marketability of its shares.

“The proposed bonus issue is not intended to be implemented in stages over a period of time,” it said.

Maybank IB has been appointed as principal adviser to the company for the the proposed bonus issue,

GDex said the exercise was expected to be completed in the first half of 2017.

GDex closed at RM2.00 on Friday, down 1 sen, with 2.58 million shares changing hands.
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