KUALA LUMPUR: ViTriox Bhd has proposed to issue up to 77.50 million new shares on a one-for-two basis to increase the share capital base of the company to a level which will better reflect ViTrox's current scale of operations.
The company said on Monday, April 25 the proposed bonus issue would increase the issued and paid-up to RM23.25 million comprising 232.50 million shares.
As at April 22, the issued and paid-up share capital of the company was RM15.50 million comprising of 155 million shares.
ViTrox also said the proposed bonus issue would also serve to reward the existing shareholders of ViTrox by enabling them to have a greater participation in the equity of the company in terms of number of shares held.
'In addition, the liquidity and marketability of ViTrox shares are also expected to improve with a larger capital base,' it said.
The company said on Monday, April 25 the proposed bonus issue would increase the issued and paid-up to RM23.25 million comprising 232.50 million shares.
As at April 22, the issued and paid-up share capital of the company was RM15.50 million comprising of 155 million shares.
ViTrox also said the proposed bonus issue would also serve to reward the existing shareholders of ViTrox by enabling them to have a greater participation in the equity of the company in terms of number of shares held.
'In addition, the liquidity and marketability of ViTrox shares are also expected to improve with a larger capital base,' it said.
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