Tuesday, June 22, 2010

KFCH top gainer, proposes share split, bonus issue, warrants

KUALA LUMPUR: Shares of KFC Holdings Bhd were the top performer amidst a cautious market on Tuesday, June 22 before announcing a corporate exercise involving a share split, bonus issue and the issuance of free warrants.

Its share price closed 30 sen higher to RM9.10 with 209,700 shares done. The FBM KLCI fell 11.85 points to 1,323.44.

KFCH announced after market close that it was proposing the splitting of every RM1 share into two held at an entitlement date to be determined and announced later.

It also proposed a one-one-for-one bonus issue of 396.54 million new shares and the proposed issue of 31.72 million free warrants on a one for every 25 existing shares held after the proposed share split and bonus issue.

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