Samaiden proposes 2-for-3 bonus issue

KUALA LUMPUR: Samaiden Group Bhd has proposed a bonus issue of up to 224 million shares, on the basis of two bonus shares for every three existing shares.

“The proposed bonus Issue is intended to reward the existing shareholders of the company for their loyalty and continuing support to Samaiden and its subsidiaries,” the renewable energy solution provider said in a Bursa filing.