Yinson proposes bonus and rights issues

In a filing with Bursa Malaysia, the group said the proposed bonus issue serves to reward existing shareholders for their continuing support to Yinson by allowing them to participate more in the equity of the company in terms of the number of shares held, whilst maintaining their percentage equity interest in the company.

PETALING JAYA: Yinson Holdings Bhd has announced a proposed bonus issue of up to 1.11 billion new shares on the basis of one bonus share for every one existing share, to be held on a yet-to-be determined entitlement date.

In a filing with Bursa Malaysia, the group said the proposed bonus issue serves to reward existing shareholders for their continuing support to Yinson by allowing them to participate more in the equity of the company in terms of the number of shares held, whilst maintaining their percentage equity interest in the company.