KUALA LUMPUR (April 7): Superlon Holdings Bhd plans to undertake a one-for-two share split to improve liquidity of its shares on Bursa Malaysia.

In a filing with the exchange today, Superlon said the share split will lower its trading price and hence, enhance the liquidity of its shares.

"Furthermore, with the increased marketability, this will assist to encourage a wider shareholder base for Superlon," it added.

The proposed share split would split each share into two shares held on an entitlement date to be determined later, increasing the company's issued share capital to 160 million from 80 million.

"Barring any unforeseen circumstances and subject to all required approvals being obtained, the proposed share split is expected to be completed by the second financial quarter ending Oct 31, 2017," said Superlon.

Superlon shares closed 9 sen or 2.88% higher at RM3.22 today, with 447,200 shares done. Its market capitalisation stood at RM255.67 million.