KUALA LUMPUR (March 20): MALAYAN BANKING BHD [] had received Bank Negara Malaysia’s approval to increase its issued and paid-up share capital by up to 539.3 million new shares.
Maybank said on Tuesday the new shares arose from the implementation of the dividend reinvestment plan.
The recurrent and optional dividend reinvestment plan allows shareholders to reinvest the electable portion of their final cash dividend for the six-month financial period ended Dec 31, 2011 of 36 sen per share less 25% taxation into new shares.
Maybank said on Tuesday the new shares arose from the implementation of the dividend reinvestment plan.
The recurrent and optional dividend reinvestment plan allows shareholders to reinvest the electable portion of their final cash dividend for the six-month financial period ended Dec 31, 2011 of 36 sen per share less 25% taxation into new shares.
