GDex Express proposes 1 free warrant for every 8 shares held

GDEX said the majority of the board agreed the free warrants were an opportune time to appreciate and reward shareholders during this challenging year due to the Covid-19 pandemic.

KUALA LUMPUR: Logistics company GD Express Carrier Bhd (GDEX) has proposed to issue up to 705.17 million free warrants C on the basis of one warrant for every eight shares held.

It said on Wednesday the entitlement date will be determined and announced later as it requires the approvals of Bursa Malaysia Securities Bhd and GDEX shareholders.