Pecca proposes 3-for-1 bonus issue

KUALA LUMPUR: Pecca Group Bhd has proposed to undertake a bonus issue of up to 564 million new ordinary shares on the basis of three bonus shares for every one existing Pecca share held.

In a filing with Bursa Malaysia today, Pecca said that in addition to rewarding its shareholders for their loyalty and continued support, the exercise will serve to provide existing shareholders with greater equity participation while maintaining their percentage of equity shareholding.