<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 28): OKA Corp Bhd plans to undertake a bonus issuance on the basis of one bonus share for every two existing shares held (one-for-two basis), it announced today.</p></div>

<div class=newsTextDataWrapInner><p>“The proposed bonus issue will increase the number of OKA shares but will not increase the value of the issued share capital of OKA,” it said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>OKA currently has 5.08 million outstanding options granted under the group's Executives Share Option Scheme (ESOS), exercisable into new shares up to Jan 4, 2020.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The company has undertaken not to grant any further ESOS options to any eligible employee from June 8, 2018 until the completion of the proposed bonus issue,” the filing added.</p></div>

<div class=newsTextDataWrapInner><p>OKA may issue between 81.8 million to 84.34 million new shares under the bonus issue.</p></div>

<div class=newsTextDataWrapInner><p>Pending approval from Bursa Securities and its shareholders, OKA expects the proposed bonus issue to be completed by the fourth quarter of 2018.</p></div>

<div class=newsTextDataWrapInner><p>Shares of OKA slipped 1 sen or 0.76% to RM1.30 today, giving it a market capitalisation of RM212.68 million. In the past one year, the stock has declined some 23%.</p></div>


KUALA LUMPUR (June 28): OKA Corp Bhd plans to undertake a bonus issuance on the basis of one bonus share for every two existing shares held (one-for-two basis), it announced today.

“The proposed bonus issue will increase the number of OKA shares but will not increase the value of the is...

OKA proposes one-for-two bonus issue

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