Spritzer shares rise on proposed bonus issue

KUALA LUMPUR: Spritzer Bhd's trading stock saw buying interest on Monday, opening five sen or 2.12% higher at RM2.41 a share on the back of a proposed one-for-two bonus issue.

Last Friday, the bottle water manufacturer said the bonus issue would be fully paid at no consideration and without capitalisation of the company's reserves, as part of a strategy to enhance shareholder valule.