Teo Seng Capital (KLSE:TEOSENG) proposed a bonus issue of 300 million bonus shares, based on one bonus share for every one existing company share.
The Malaysian poultry company will determine the entitlement date at a later date, according to a Tuesday Malaysian bourse filing.
The bonus issue is expected to be completed by the fourth quarter, it noted.
Shares gained over 1% recently.
Price (MYR): $2.62, Change: $+0.030, Percent Change: +1.16%
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