Malaysia Smelting Corp proposing 1-to-2 share split and 1-for-1 bonus issue

SINGAPORE (Apr 23): Malaysia Smelting Corp Bhd, the world’s second-largest supplier of refined tin, is proposing a share split and a one-for-one bonus issue.

The proposed share split involves the subdivision of every one existing share in MSC into two subdivided or split MSC shares held on an entitlement date to be determined later.

MSC is also proposing a bonus issue of 200 million new split shares on the basis of 1 bonus share for every 1 existing split share held on the same date as the proposed share split.

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