<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 10): Flat steel product manufacturer Astino Bhd has proposed a bonus issue of 219.29 million shares on the basis of four bonus shares for every five shares held.</p></div>

<div class=newsTextDataWrapInner><p>The exercise will increase the group’s share base to 493.41 million shares from 274.12 million shares, while the share capital will remain unchanged at RM138.27 million, the group said in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Astino said the theoretical ex-bonus price of its shares ranged between 51 sen and 93 sen, based on the prices during the three-month period up to May 10, which ranged between 91 sen and RM1.67.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Save for the dilution in earnings per share, the group said the bonus issue is not expected to have any material effect on its earnings for the financial year ending July 31, 2021.</p></div>

<div class=newsTextDataWrapInner><p>The exercise is expected to be completed by the third quarter of 2021.</p></div>

<div class=newsTextDataWrapInner><p>Astino’s shares closed down 10 sen or 6.02% at RM1.56, bringing the group a market capitalisation of RM428 million. Some 4.28 million shares were traded.</p></div>

<div class=newsTextDataWrapInner><p>Over the past one year, the counter has risen by nearly three times from 55 sen.</p></div>


Flat steel product manufacturer Astino Bhd has proposed a bonus issue of 219.29 million shares on the basis of four bonus shares for every five shares held.

The exercise will increase the group’s share base to 493.41 million shares from 274.12 million shares, while the share capital will remain unchanged at RM138.27 million, the group said in a filing with Bursa Malaysia.

Astino proposes four-for-five bonus issue

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

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Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

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The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

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The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

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The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

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The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

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Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

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A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

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Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.

Malaysia's press freedom index position is still good, says Fahmi

The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.

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<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


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<p>The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.</p>


<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


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<p>Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.</p>


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<p>The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.</p>


<p>US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.</p>


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<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>


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<p>Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet”.</p>


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<p>Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.</p>


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