Malaysia Smelting Corporation Announces Proposed Bonus Share Issue
Malaysia Smelting Corporation Berhad has announced a proposed bonus issue of 420 million new ordinary shares, offering one bonus share for every existing share held. The entitlement date will be determined later. This initiative aims to enhance shareholder value, liquidity, and investor interest. The company, engaged in tin smelting and trading, has a current market cap of S$310.6M and a year-to-date price performance of 2.94%.
Malaysia Smelting Corp. Bhd. ( (SG:NPW) ) has issued an announcement.
Malaysia Smelting Corporation Berhad has announced a proposed bonus issue of 420,000,000 new ordinary shares, offering one bonus share for every existing share held, with the entitlement date to be determined later. This move is likely to impact the company’s shareholder value and market positioning, potentially enhancing liquidity and investor interest in the company’s shares.
More about Malaysia Smelting Corp. Bhd.
Malaysia Smelting Corporation Berhad is a company incorporated in Malaysia, primarily engaged in the smelting and trading of tin. It operates within the metals industry, focusing on producing and supplying tin products to various market segments.
YTD Price Performance: 2.94%
Average Trading Volume: 16,345
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$310.6M
For detailed information about NPW stock, go to TipRanks’ Stock Analysis page.
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