Wednesday, November 3, 2010

Kulim proposes 1-into-2 share split, bonus issue, warrants

KUALA LUMPUR: Kulim Bhd is undertaking a corporate exercise which involves the proposed share split of one 50 sen share into two 25 sen shares.

The company said on Wednesday, Nov 3, it would also undertake a one-for-one bonus issue after the share split.

Kulim also proposed to issue free warrants on a one-for-eight basis after the share split and bonus issue.

Its shares rose 22 sen to close at RM10.66 with 1.61 million units done.


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