Berjaya Food proposes 4-for-1 bonus issue for shareholders

KUALA LUMPUR: Berjaya Food Bhd (BFood) has proposed to undertake a bonus issue of 1.55 billion bonus shares on the basis of four bonus shares for every existing share held.

In a filing with Bursa Malaysia, BFood said the proposed bonus issue serves to increase the number of BFood shares held by the entitled shareholders while maintaining their percentage of equity interest in the company.