KUALA LUMPUR: GDB Holdings Bhd has proposed to undertake a bonus issue of new ordinary shares on the basis of one bonus share for every two existing GDB shares.
In a filing with Bursa Malaysia, the construction services firm said the entitlement date would be determined and announced later.
GDB has also proposed to undertake a bonus issue of free five-year warrants on the basis of two warrants for every five existing shares held by shareholders on the same entitlement date to be determined later.
“The 1-for-2 bonus issue of shares would result in the issuance of 312.5 million new shares and increase the group’s share base from 625.0 million shares to 937.5 million.
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