Malaysia: Carlsberg Malaysia will split shares

Shares of Carlsberg Brewery Malaysia Bhd will undergo a trading suspension from May 25 this year to facilitate their share split exercise, according to Business Times.

Carlsberg Malaysia will split its existing RM1 each shares into two shares of 50 sen each without changing the status of its existing paid-up capital of RM154.04 million.

The shares will continue to be suspended from then on until the completion of the share split exercise, the firm told Bursa Malaysia Bhd in a statement yesterday.

The share split is a bid by the company to attract more investors and improve marketability by making the shares more affordable.

The issued and paid-up share capital of the company as at February 23 2005 comprised 154.04 million Carlsberg shares. When the share split is completed, the paid-up capital will remain at RM154.04 million but it will comprise of 308.08 million split shares.