PETALING JAYA (April 11, 2013): TH Plantations Bhd has proposed a one-for-five bonus issue to reward existing shareholders, enhance the liquidity of its shares on Bursa Malaysia and boost its share base to better reflect the size of operations of the group.
Source from (Business Times): http://www.thesundaily.my/news/658907
Published: April 11, 2013
Source from (The Sun Daily): http://www.btimes.com.my/Current_News/BTIMES/articles/20130411005415/Article/index_html
Published: April 11, 2013
n a filing with Bursa Malaysia yesterday, TH Plantations said up to 149.73 million new shares of 50 sen apiece would be issued pursuant to the exercise that would enlarge its share base by 23% to 898.38 million shares worth RM449.19 million from 728.36 million worth RM364.18 million.
The entitlement date of the proposed bonus issue is to be determined and announced later upon receipt of all relevant approvals.
The proposed bonus issue, which slated to complete by the second quarter of 2013, is expected to dilute its net asset per share to RM1.28 from RM1.54.
Shares of TH Plantations closed up 12 sen at RM2.28 yesterday.
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