Seni Jaya proposes 3-for-1 bonus issue

Seni Jaya CEO Jeff Cheah See Heong

KUALA LUMPUR: Seni Jaya Corp Bhd has proposed a private placement exercise involving the issuance of up to 14.56 million new ordinary shares, subject to the issuance of the placement shares not exceeding 20% of the group’s total number of issued shares.

The outdoor advertising services provider has also proposed to undertake a bonus issue of up to 262.08 million new ordinary shares in Seni Jaya on the basis of three bonus shares for every one Seni Jaya share held.