Oiltek International (SGX:HQU) proposed a bonus issue of up to 286 million shares in the company's capital on the basis of two bonus shares for one existing share,a ccording to a filing with the Singapore Exchange on Monday.
Following the issue of the bonus shares, the company's enlarged share capital will increase up to 429,000,000 shares.
Shares of the integrated process technology and renewable energy solutions provider were up over 5% in recent trading.
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