E-Malt.com News article: 4272

Malaysia, Kuala Lumpur: Carlsberg Brewery Malaysia Bhd. proposed on February 23 to split its shares on a 1-to-2 basis. In a statement to the stock exchange, the beverage-maker said its issued and paid-up share capital will comprise 308.1 million shares of 50 sen par value each after the exercise, according to Dow Jones.

"The proposed share split will enhance the liquidity and marketability of ordinary shares of Carlsberg as a result of the increased number of shares," the company said. "In addition, being more affordable after the proposed share split, the split shares are expected to appeal to a wider group of investors," Carlsberg added.

Carlsberg shares ended flat at MYR10.70 Wednesday, making them relatively expensive, in nominal terms, for retail investors. In contrast, all 10 of the most actively-traded stocks Wednesday in volume terms were worth less than MYR5 each.



23 February, 2005