PPB Group Bhd has proposed to issue 237 million bonus shares on the basis of one bonus share for every five held with the aim to increase its share capital base and reflecting its current scale of operations and assets.

It told Bursa Malaysia on Tuesday the move will enhance its marketability and trading liquidity while maintaining the percentage of shareholders’ equity interest in the company.

It added the proposed bonus issue will be capitalised against its retained earning, which stood at RM10.8 billion as at Dec 31, 2017.

The proposed issuance is expected to be completed by the third-quarter of 2018 (3Q18).