Milux proposes three-for-one bonus issue


KUALA LUMPUR: Home and kitchen appliances manufacturer Milux Corporation Bhd has proposed a three-for-one bonus issue of up to 176.29 million new bonus shares to reward its shareholders.

It said on Monday with Jan 15 being the latest practicable date prior to the date of this announcement, its share capital was RM59.06mil comprising 58.76 million shares.

Upon completion of the corporate exercise, Milux’s issued share capital would be RM59.06mil, comprising 235.05 million shares.

It said its share price adjusted for the bonus issue must not be below 50 sen based on the daily volume weighted average market price (VWAP) during the three-month period before the application date.

Based on the five-day and three-month VWAP of its shares up to the LPD, of RM2.1938 and RM2.2346 per share, the theoretical ex-bonus share price of Milux shares are 54.85 sen and 55.87 sen respectively.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

Milux , bonus issue

   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Hang Seng Indexes shakes up Hong Kong benchmark, aims to include 100 companies
SCH Group is now known as Hextar Industries
Petronas' Malaysia bid round 2021 attracts over 250 potential, existing investors
Celcom allocates RM1bil for 2021 capex
Bursa Malaysia ends in negative territory
UEM Edgenta to save RM100mil in shift towards healthcare tech solutions
AmInvest Research lowers end-2021 KLCI target to 1,695
UOB Kay Hian Research keeps buy call on Top Glove, lower TP RM7.60
AMMB posts net profit of RM262.8m in 3Q, RM1.09b in 9M
John Holland Gamuda JV shortlisted for airport metro

Stories You'll Enjoy


Vouchers