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KUALA LUMPUR: Kerjaya Prospek Group Bhd
has proposed a corporate exercise involving the issuance of bonus shares and warrants to reward its shareholders.
The construction company said on Wednesday it had proposed a bonus issue of up to 677.43 million new shares on the basis of six bonus shares for every five shares held.
Kerjaya Prospek also proposed a bonus issue of up to 169.35 million new warrants on the basis of six bonus warrants for every 20 shares held.
Upon completion of the proposals, its enlarged share capital on a fully diluted basis will increase to 1.411 billionn shares.
Kerjaya said the proposed issuances would also improve the trading liquidity and marketability of its shares on the Main Market of Bursa Securities whilst increasing the capital base.
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