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Apex Healthcare Bhd has proposed to implement a 1-for-4 bonus issue of up to 18.74 million new shares to reward its shareholders and also enhance the marketability and trading liquidity of its shares.

It told Bursa Malaysia yesterday that the proposed bonus issue would be wholly capitalised from the company’s entire share premium account for RM5.31mil and retained earnings for the remainder of about RM13.44mil.

Its audited financial statements as at Dec 31, 2008 showed the share premium and consolidated retained earnings were RM5.31mil and RM58.42mil respectively while the share premium and retained earnings at the company level were RM5.31mil and RM21.38mil respectively.

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