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The other feature of UPA is that its ROE had dropped by about half, its market price seemed to be holding. Does it meant that it is overpriced? https://i.postimg.cc/MpHddwLc/UPA.png
The group said the proposed bonus issue will enable UPA’s existing shareholders to have greater participation in the company’s equity in terms of the number of UPA shares held, while maintaining their percentage of equity interest in UPA without incurring any cost.
“It will result in lower trading price of UPA shares, which serves to attract a wider group of investors. It is expected to enhance the trading liquidity of UPA shares on the main market of Bursa Securities,” the group added
