KUALA LUMPUR (Jan 4): Focus Dynamics Group Bhd has proposed to split each of its shares into three shares in a move to improve the trading liquidity of the shares.

The share split will take place based on an entitlement date to be determined later, and is expected to be completed by the first quarter of this year, the group in a filing with Bursa Malaysia.

Focus Dynamics said as at Dec 29, 2020, the group’s issued share capital stood at RM203.79 million, comprising 6.15 billion shares.

It said assuming all of its outstanding 3.07 billion warrants are exercised into new shares, and all its outstanding 1.99 billion irredeemable convertible preference shares are fully converted into new shares, the group will have an enlarged total number of 11.2 billion shares, which will be subdivided into 33.6 billion shares upon the share split.

“The adjustment in the market price of the shares as a result of the proposed share split is expected to result in the split shares being more affordable, in order to appeal to a wider group of public shareholders and investors,” the group said.

Notwithstanding this, Focus Dynamics said the share split is not expected to alter the total value of the split shares.

Shares of Focus Dynamics closed half a sen or 0.77% lower at 64 sen today, bringing the group a market capitalisation of RM3.96 billion. The counter saw some 20.83 million shares traded.