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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