KUALA LUMPUR (April 10): Superlon Holdings Bhd rose 3.80% in early trade today after the company said it plans to undertake a one-for-two share split to improve liquidity of its shares on Bursa Malaysia. At 9.10am, Superlon rose 12 sen to RM3.28 with 83,600 shares traded. The group said the share split will lower its trading price and enhance the liquidity of its shares. "Furthermore, with the increased marketability, this will assist to encourage a wider shareholder base for Superlon," it added. The proposed share split would split each share into two held on an entitlement date to be determined later, increasing the company's issued share capital to 160 million from 80 million.

Source: The Edge Markets April 10, 2017 01:30 UTC