PETALING JAYA: Pecca Group Bhd has proposed to undertake a bonus issue of up to 564 million new ordinary shares on the basis of three bonus shares for every one existing share held by its shareholders.

       It said in a statement that the bonus issue is expected to be completed by the first quarter of this year, after obtaining shareholders’ approvals. As of Sept 30, 2021, its cash and cash equivalents stood at RM64.35mil.