KUALA LUMPUR (March 22): MALAYAN FLOUR MILLS BHD [] shares advanced on Thursday after it said the special gross dividend of 62 sen per ordinary share of 50 sen each would go ex on April 2 while the entitlement date was April 4.
At 9.15am, Malayan Flour Mills added nine sen to RM4.45 with 851,200 shares done.
The special dividend was part of the corporate exercise which included a renounceable rights issue of 215.289 million new shares with 107.644 million free warrants and 107.644 new shares.
This was on the basis of two rights shares with one warrant and one bonus share for every two shares held on April 4 at an issue price of 93 sen per rights share.
At 9.15am, Malayan Flour Mills added nine sen to RM4.45 with 851,200 shares done.
The special dividend was part of the corporate exercise which included a renounceable rights issue of 215.289 million new shares with 107.644 million free warrants and 107.644 new shares.
This was on the basis of two rights shares with one warrant and one bonus share for every two shares held on April 4 at an issue price of 93 sen per rights share.
