Wednesday 28 Feb 2024
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KUALA LUMPUR (Jan 17): Kejuruteraan Asastera Bhd (KAB) shares jumped 12 sen or 8.11% to RM1.60 in morning trades today after the group proposed a 2-to-5 share split.

Yesterday, KAB proposed to undertake the share split to increase the affordability and trading liquidity of its shares.

KAB's number of issued shares stood at 370.23 million, which will be increased to 925.575 million shares post exercise.

The group said it expects the share split to be completed by the first quarter of 2020, pending the approval of the shareholders and the relevant authorities.

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