Increased trading interest in GDB

TheStar Wed, Apr 14, 2021 10:10am - 2 years View Original


Meanwhile, the proposed bonus issue of warrants entails the issuance of 250 million five-year warrants, which will further increase the group’s share base to 1.187 billion shares upon full conversion of warrants.

KUALA LUMPUR: GDB Holdings Bhd’s proposed bonus issue bodes well for the counter as the exercise could help improve the stock’s trading liquidity and marketability.

The company has proposed to undertake 1-for-2 bonus issue of shares and 2-for-5 bonus issue of warrants.

The proposed bonus issue of shares entails the issuance of 312.5 million new shares which will increase its enlarged share base to 937.5 million shares.

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