KUALA LUMPUR: Bursa Malaysia has approved PJBumi Bhd
’s proposed share split, expected to boost trading liquidity and attract a broader investor base by lowering trading prices.
In a Bursa Malaysia filing yesterday, PJBumi said Bursa’s approval for the proposed share split is subject to several conditions, including full compliance with the relevant provisions of the Main Market Listing Requirements (Main LR) governing the exercise.
The group said it is also required to notify Bursa Malaysia upon completion of the proposed share split and submit a certified true copy of the shareholders’ resolution approving the exercise before the listing and quotation of the subdivided shares.
“PJBumi is also required to furnish Bursa Malaysia with written confirmation of its compliance with the terms and conditions of the approval upon completion of the proposed share split and make the relevant announcements in accordance with Paragraphs 6.35(2)(a) and (b) and 6.35(4) of the Main LR,” it said.
On June 26, 2026, PJBumi proposed a one-for-five share split to improve trading liquidity and broaden its investor base by lowering the trading price of its shares. — Bernama
