Press Metal group chief executive officer Tan Sri Paul Koon said the group is looking towards a new phase of growth in 2021 as the Phase 3 smelter commenced production in December 2020.
KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd is proposing to undertake a bonus share issuance of 4.038 billion new shares on the basis of one bonus share for every one existing share held, on a yet-to-be-determined entitlement date.
The company, which is South-East Asia’s largest aluminium smelter, said in a statement the bonus issue is to reward shareholders for their loyalty and continuous support as well as allow them to have greater participation in the group’s equity while retaining their percentage of equity interest.
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