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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.