Bursa Malaysia Stock Watch

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

kltrader
Publish date: Wed, 03 Nov 2010, 09:10 PM
kltrader
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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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