Top Glove (SGX:BVA, KLSE:TOPGLOV) proposed to undertake a bonus issue of up to 405,964,951 warrants, according to a filing with the Singapore Exchange on Thursday.
The issue involves issuance of the warrants on the basis of 1 warrant for every 20 existing shares held by the company's shareholders.
The warrants can be exercised within a time period of five years, the filing added.
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