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KUALA LUMPUR (Aug 5): Datasonic Group Bhd announced its proposal for a one-for-one bonus issue to reward shareholders.

In a bourse filing, the company said that the proposed bonus issue entails the issuance of up to 2.18 billion bonus shares on the basis of one bonus share for every share held by shareholders whose names appear on its record of depositors as at the close of a to-be-confirmed entitlement date.

Kenanga Investment Bank is the principal adviser for the bonus issue, which is expected to be completed by the fourth quarter of this year.

Datasonic shares finished 4.17% or six sen higher at RM1.50, valuing it at some RM2.03 billion. It saw 43.14 million shares done.


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