ELSOFT

Elsoft hits all-time high on bonus share issue proposal [Goreng Goreng]

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Publish date: Wed, 29 Aug 2018, 11:09 AM
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KUALA LUMPUR: Shares of Elsoft Research Bhd  scaled to their all-time high of RM3.34 on Wednesday after proposing share split and bonus issue.

 

The company, which is involved in the development of test and burn-in systems, jumped 13 sen, or 4.05% to RM3.34.


Elsoft has proposed to undertake two-for-one share split and a one-for-five bonus issue at an entitlement date to be determined later.


It said the bonus issue is to reward the shareholders of the company while the share split is intended to enhance the marketability and trading liquidity of its shares.


The group said it is offering a bonus issue of up to 56.4 million bonus shares on the basis of one bonus share for every five existing shares.


The bonus issue shall be capitalised from the share premium account.


 

Ooi Kok Hwa: Bull market in stocks has years to run

Ooi Kok Hwa: The share market will be extremely bullish!

Goreng Goreng Goreng.....

 

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