KPJ Healthcare proposes share split

 Publish date: Thu, 20 Apr 2017, 03:14 AM

KUALA LUMPUR: KPJ Healthcare Bhd is dividing its shares to boost trading liquidity.

The company has proposed to split every one existing share into four subdivided shares.

In a filing with Bursa Malaysia today, KPJ Healthcare said its share capital as at April 18 was 1.06 billion shares.

The share split will enlarge its share capital to at least 4.26 billion shares, it added.

Assuming full exercise of the outstanding warrants and employees' share option scheme, the enlarged number of issued shares will then swell to 4.76 billion shares.

KPJ Healthcare said the exercise will result in adjustment to its market price.

"The group's subdivided shares will be more affordable, and potentially more appealing to a wider group of public shareholders," it added.

It expects to complete the share split by the third quarter this year, after obtaining shareholders' approvals.

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