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Thursday, July 18, 2013

Hua Yang proposes bonus issue


KUALA LUMPUR: Hua Yang Bhd has proposed to undertake a bonus issue on the basis of one new share for every three existing shares to reward shareholders.

The exercise will see an issuance of 66 million shares. In a statement, Hua Yang said upon completion of the proposed bonus issue, the company’s issued and paid-up capital will expand to RM264 million, comprising 264 million shares.

It reported RM12.32 million of after-tax gain and RM80.5 million of revenue for the first quarter of its financial year ending March 31 2014.

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