This article first appeared in The Edge Financial Daily on October 24, 2018

KUALA LUMPUR: London Biscuits Bhd has proposed the issuance of one bonus share for every four existing shares held at an entitlement date to be determined later.

The group said the one-for-four bonus issuance will enable shareholders to have greater participation in its equity, while retaining their percentage of equity interest held. The issuance is also to raise the number of issued shares, which may potentially improve the stock’s liquidity, London Biscuits said in a stock exchange filing.

The issuance will comprise up to 61.55 million bonus shares, on the basis of one bonus share for every four existing shares held at an entitlement date to be determined later, the filing added.