ViTriox Bhd has proposed to issue up to 77.50 million new shares on a one-for-two basis to increase the share capital base of the company to a level which will better reflect ViTrox’s current scale of operations.
ViTrox also said the proposed bonus issue would also serve to reward the existing shareholders of ViTrox by enabling them to have a greater participation in the equity of the company in terms of number of shares held.
“In addition, the liquidity and marketability of ViTrox shares are also expected to improve with a larger capital base,” it said.
ViTrox also said the proposed bonus issue would also serve to reward the existing shareholders of ViTrox by enabling them to have a greater participation in the equity of the company in terms of number of shares held.
“In addition, the liquidity and marketability of ViTrox shares are also expected to improve with a larger capital base,” it said.
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