Kuala Lumpur, Jan 6 — IGB Bhd (KL:IGBB) has announced a proposed bonus issue of one new share for every two existing shares, aiming to reward shareholders and improve trading liquidity in the property group’s stock.
Based on the company’s current share base of 1.358 billion shares, the exercise could involve the issuance of up to 679.07 million new shares, according to a Bursa Malaysia filing. The entitlement date will be announced once all approvals from shareholders, Bursa Securities, and other relevant authorities are obtained.
Following the bonus issue, the company’s share price will be adjusted accordingly. Using the counter’s five-day volume-weighted average market price up to Jan 5 (RM3.0459), the theoretical ex-bonus price is estimated at RM2.0306.
IGB stated that the bonus share exercise is designed not only to reward long-term shareholders but also to enhance market liquidity, promoting broader participation from existing and new investors. The group anticipates completing the exercise within the first quarter of 2026.
IGB shares closed RM3.05, up two sen or 0.66%, giving the property group a market valuation of RM4.14 billion.
This move reflects the company’s ongoing commitment to maximizing shareholder value and positions it well alongside high-demand sectors such as industrial land in Selangor, office space in Bukit Jalil, and commercial property in Kuala Lumpur, where strategic capital initiatives can strengthen market presence and investment appeal.
Malaysia