KUALA LUMPUR: Cocoaland Holdings Bhd’s shares rose to its highest in about 16 months after proposing a one-for-one bonus issue.
The confectionery manufacturer rose 13.66%, or 25 sen to RM2.08, its highest since November 2019 at 9.12am. It is currently the top gainer on Bursa Malaysia.
Cocoland has proposed a bonus issue of 228.8 million shares on the basis of one bonus share for every one existing share held on a date to be announced later.
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