SAM Engineering plans 3-for-1 bonus issue

The company regarded the proposed bonus issue as the most appropriate avenue of rewarding the shareholders, it said in its filing with Bursa Malaysia.(SAM Engineering employees at work - Filepic)

PETALING JAYA: Sam Engineering & Equipment (M) Bhd has proposed a bonus issue of up to 406.05 million new ordinary shares on the basis of three bonus shares for every one existing share held on an entitlement date to be determined and announced later.

The company regarded the proposed bonus issue as the most appropriate avenue of rewarding the shareholders, it said in its filing with Bursa Malaysia.