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Monday, October 10, 2011

TSH proposes 1-for-1 bonus issue (Edge)

TSH RESOURCES BHD [] has proposed a bonus issue on a one-for-one basis of up to 416.64 million new shares.

TSH said the proposed bonus issue would increase TSH’s capital base to a level which would be more reflective of the current scale of operations of TSH and its subsidiaries.

It added the proposed bonus issue would also reward existing shareholders of the company and might also enhance the marketability and liquidity of TSH shares in Bursa Securities.

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