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BUSINESS

Duopharma Biotech proposes one-for-three bonus issue

03/05/2021 08:17 PM

KUALA LUMPUR, May 3 -- Duopharma Biotech Bhd has proposed to undertake a bonus issue of up to 239.93 million new ordinary shares in Duopharma on the basis of one bonus share for every three existing shares held.

In a filing with Bursa Malaysia today, the group said that the bonus issue entitlement date is to be determined and announced later.

“The proposed bonus Issue is undertaken mainly to reward the company’s shareholders with the bonus shares for their continued support to the group.

“It would also enable the company’s shareholders to have greater participation in the company’s equity,” it said.

-- BERNAMA

 

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