Samaiden proposes 2-for-3 bonus concern



KUALA LUMPUR: Samaiden Group Bhd has proposed a bonus concern of as much as 224 million shares, on the idea of two bonus shares for each three current shares.

“The proposed bonus concern is meant to reward the present shareholders of the corporate for his or her loyalty and persevering with assist to Samaiden and its subsidiaries,” the renewable vitality resolution supplier stated in a Bursa submitting.

As at March 30, the issued share capital of the corporate is RM60.89mil comprising 231 million Samaiden shares. As well as, the corporate additionally has 104.99 million excellent warrants.

It stated the utmost variety of 224 million of bonus concern shares was based mostly on its current 231 million issued shares and assuming full train of all its 105 million warrants into new Samaiden shares previous to the implementation of the bonus concern.

The proposed bonus concern is anticipated to be accomplished by the third quarter of 2022.

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