Media Details

KUALA LUMPUR (Feb 5): TP TEC Holding Bhd (KL:TPTEC), which made its debut on the LEAP Market of Bursa Malaysia in December 2024, has proposed a bonus share issue of one share for every share held.

The bonus issue of 250 million shares will double the power and equipment solutions provider's share base to 500 million shares, according to the company's bourse filing on Thursday.

Post-issuance, the theoretical price of TP TEC shares is expected to be 16 sen, based on the three-month volume-weighted average price of the shares up to Feb 6, the company said.

Subject to approval from Bursa Securities and shareholders, the bonus issue is expected to be completed in the second quarter of 2026, said TP TEC.

TP TEC closed unchanged at 32 sen on Thursday, giving the company a market capitalisation of RM80 million.

WRITTEN BY THE EDGE MALAYSIA