Pentamaster proposes one-for-two bonus share issue

Chuah checking out a test equipment. Pentamaster has started delivering semiconductor test equipment that are capable of checking micro-electromechanical systems sensors used in smart mobile devices.

PETALING JAYA: Pentamaster Corp Bhd has proposed a bonus issue of one free share for every two existing shares of up to 158.3 million shares.

In a filing with Bursa Malaysia, the Penang-based semiconductor firm said the proposed bonus shares were to reward shareholders and enable them to have greater participation in the group’s equity while maintaining their percentage of equity interest.