Supermax and Top Glove propose bonus issues

Supermax is of the view that the proposed bonus issue of shares is an appropriate avenue to reward its shareholders while increasing the group’s share base

PETALING JAYA: Glove makers Supermax Corp Bhd and Top Glove Corp Bhd have proposed bonus issues to reward shareholders.

Top Glove has proposed a two-for-one bonus issue involving up to 5.48 billion new shares, while Supermax plans to undertake a one-for-one bonus issue of up to 1.36 billion new Supermax shares.