IGB Bhd has proposed a bonus issue of one new share for every two existing shares held, the property group announced in a Bursa Malaysia filing on Tuesday.
The proposed bonus issue would involve the issuance of up to 679.07 million new shares, based on IGB’s current share base of 1.358 billion shares. The entitlement date for the bonus shares will be announced later, once the company has obtained all necessary approvals.
The group noted that following the bonus issue, the share price will be adjusted accordingly. For illustration, the theoretical ex-bonus price would be RM2.0306, based on the counter’s five-day volume-weighted average market price of RM3.0459 up to Jan 5, 2026.
IGB said the proposed bonus issue is intended not only to reward shareholders but also to enhance trading liquidity and encourage greater participation from both existing shareholders and new investors.
The bonus issue is subject to approval by shareholders at an extraordinary general meeting, as well as the consent of Bursa Securities and other relevant authorities. The company expects to complete the exercise in the first quarter of 2026.
On the trading front, shares in IGB ended two sen or 0.66% higher at RM3.05, giving the group a market capitalisation of RM4.14 billion.
The proposed one-for-two bonus issue marks another step in IGB’s strategy to strengthen shareholder value while supporting active trading of its shares, reflecting the company’s confidence in its long-term growth prospects.
