KUALA LUMPUR (Oct 18): Here is a brief recap of some corporate announcements that made news on Tuesday (Oct 18), involving Affin Bank Bhd, IJM Corp Bhd, Caely Holdings Bhd, Pantech Group Holdings Bhd, G Capital Bhd, Mynews Holdings Bhd, CN Asia Corp Bhd, Berjaya Land Bhd (BLand), Berjaya Food Bhd (BFood) and Teo Guan Lee Corp Bhd.
(TGL) rose to its highest in two decades after announcing its proposed bonus issue.
The garment manufacturer and distributor surged 29.45%, or 43 sen to RM1.89, making it one of the top gainers on Bursa Malaysia.
TGL has proposed a bonus issue of 40.74 million new ordinary shares in TGL on the basis of one bonus share for every one existing TGL share.
The entitlement date will be determined and announced at a later date after all the relevant approvals for the proposed bonus Issue have been obtained, TGL said.
It has also proposed to proposed establish a long term incentive plan of up to 10% of the total number of issued shares of the company (excluding treasury shares, if any) at any point of time during the duration of the scheme for the eligible executive directors andemployees of TGL and its subsidiary companies.
KUALA LUMPUR: Shares on Bursa Malaysia ended the day mixed, going against the better regional market performance which echoed the Wall Street’s rally .