Oiltek International (SGX:HQU) proposed a bonus issue of up to 286,000,000 bonus shares, according to a filing with the Singapore Exchange on Thursday.
Following the proposed issue, the company's enlarged share capital will increase up to 429,000,000 shares once it is approved by shareholders.
The bonus shares will represent 200% of the company's existing issued share capital but will not be entitled to the proposed final dividend of SG$0.018 per share, which was recommended on Feb. 12.
The bonus shares will be allotted and issued as fully paid at nil consideration to entitled shareholders.
Shares of the integrated process technology and renewable energy solutions provider soared over 11% in recent trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。