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Supermax’s bonus issue is one new share for every one share held at a date to be determined.

KUALA LUMPUR: Bursa Securities has approved the listing and quotation of Supermax Corporation Bhd’s 1.36 billion new shares under the proposed bonus issue.

The glove maker said on Monday the regulators had given the approval on July 30.

Supermax’s bonus issue is one new share for every one share held at a date to be determined.

Its share price has rallied in recent months to record highs, together with other glove makers, as the Covid-19 coronavirus pandemic continues to worsen.

The coronavirus has infected 4.6 million people in the United States and more than 17.96 million people globally, reports said.

Australia’s Victoria state tightened restrictions and declared a state of disaster, while the Philippines reimposed a lockdown in Manila, according to Bloomberg.

At 10.03am, its share price was up 38 sen to RM18.88 with 4.26 million new shares done.

The FBM KLCI was down 10.27 points or 0.64% to 1,593.48. Turnover was 2.95 billion shares valued at RM1.96bil. There were 403 gainers, 466 losers and 313 counters unchanged.

https://www.thestar.com.my/business/business-news/2020/08/03/bursa-securities-approves-supermaxs-one-for-one-bonus-issue
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