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Tuesday, November 1, 2011

Supermax proposes bonus share issue

Supermax Corp proposed a one-for-one bonus share issue to reward shareholders and bolster the stock’s trading liquidity, it said in a statement to the Kuala Lumpur stock exchange.

The company also plans to buy back 10 percent of its outstanding capital to “stabilize” the supply and demand of the stock as well as the share price, it said. -- Bloomberg

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