Supermax’s listing of bonus issue shares gets okay

KUALA LUMPUR: Bursa Securities has approved the listing and quotation of Supermax Corp Bhd’s 1.36 billion new shares under the company’s proposed bonus issue.

The glove maker said in a statement that the regulators had given the approval on July 30. Supermax’s bonus issue is one new share for every one share held at a date to be determined.

Its share price has rallied in recent months to record highs, together with other glove makers, as the Covid-19 coronavirus pandemic continues to worsen.