Halex Holdings jumps on 1-for-4 bonus issue

By theedgemalaysia.com | The Edge Malaysia – Wed, Aug 1, 2012

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KUALA LUMPUR (Aug 1): Halex Holdings Bhd, whose shares rose by 5.84% to close at RM0.815 per unit on Wednesday, has proposed to issue bonus shares of 20,000 new ordinary shares of RM0.50 each to shareholders on the basis of one bonus share for every four Halex shares held.

The date for the bonus issue is to be decided later.

The company, in a statement to Bursa Malaysia, said the application was submitted to the stock exchange on Wednesday.

In the same announcement, Halex also proposed a share buy-back arrangement, whereby the company could purchase up to 10% of its issued and paid up share capital.

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