trending Market Intelligence /marketintelligence/en/news-insights/trending/_3fgy_xkpuym5xguuxye5q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Malaysia's PPB Group gets approval for 1-for-5 bonus share issue

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Blog

CUSIP Request Volume Surges in December, Pushing Full-Year 2020 Volumes Past 2019 Totals


Malaysia's PPB Group gets approval for 1-for-5 bonus share issue

Malaysian packaged foods and meats producer PPB Group Bhd. on June 13 received approval for the listing and quotation of up to 237,099,976 bonus shares on the main market of Bursa Securities, pursuant to the proposed bonus issue PPB announced May 8.

The company proposed to issue 237,099,976 bonus shares on the basis of one bonus share for every five existing PPB shares held by shareholders at the close of business of the entitlement date, which PPB will determine once it secures all necessary approvals for the proposed issue.

PPB said the proposed bonus issue is aimed at increasing the company's share capital base to better reflect its current scale of operations, as well as to enhance the trading liquidity of its shares on Bursa Securities.

The approval given by Bursa Securities is subject to certain conditions, including that PPB and RHB Investment Bank must comply with the listing requirements related to the proposed bonus issue and inform Bursa Securities when the proposed issue is complete.