Hartalega gets shareholders' nod for bonus issue

KUALA LUMPUR: Hartalega Holdings Bhd has received approval from shareholders for its bonus issue of up to 1.71 billion new shares.
The bonus issue is on the basis of one bonus share for every one existing share held by shareholders.
Managing director Kuan Mun Leong said the bonus issue will enable the company to enhance liquidity and provide shareholders with the opportunity to participate in Hartalega's ongoing success.
"Leveraging on our innovative high quality products and continuous expansion of our production capacity via our Next Generation Integrated Glove Manufacturing Complex, we are confident we will be able to maintain our growth momentum and unlock further value for shareholders," said Kuan.