Tuesday, May 31, 2011

Malayan Flour Mills extends gains

KUALA LUMPUR: ''MALAYAN FLOUR MILLS BHD [] shares extended their gains on Tuesday, May 31 after the company yesterday proposed a share split involving the subdivision of every one existing ordinary share of RM1 each in the company into two new ordinary shares of 50 sen each.

At 9.20am, Malayan Flour Mills was up 44 sen to RM8.10 with 161,800 shares traded.

The company also proposed the declaration and payment of special gross dividend of 62 sen per subdivided to its shareholders.

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