KUALA LUMPUR (Oct 7): Pantech Group Holdings Bhd has proposed a one-for-five bonus issue, a one-for-ten bonus warrant issue and an employee share option scheme (ESOS). The steel products manufacturer said the bonus issue entails 138.09 million shares of 20 sen each, enlarging its share base to 829.38 million, which will rise further to 988.18 million if the bonus warrants and ESOS are fully exercised. The bonus issue is the most appropriate avenue to reward shareholders' loyalty and create potential for broader trading participation, the group said in a bourse filing. It said the bonus issue's capitalisation, all of which will cost RM27.62 million, will come from its share premium account. As at Feb 29, its share premium account had a value of RM80.63 million.

Source: The Edge Markets October 07, 2016 13:52 UTC