Malaysia Smelting Corporation Announces Proposed Bonus Share Issue
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Malaysia Smelting Corporation Berhad has announced a proposed bonus issue of 420 million new ordinary shares, offering one bonus share for every existing share held. The entitlement date will be determined later. This initiative aims to enhance shareholder value, liquidity, and investor interest. The company, engaged in tin smelting and trading, has a current market cap of S$310.6M and a year-to-date price performance of 2.94%.
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