Fashion group Bonia Corp Bhd is proposing to spin off one of the brands under its stable
for a separate listing on the Leap Market.
Bonia told the stock exchange today that the plan was to reward its own shareholders by providing them with an
opportunity to invest directly in CRG Incorporated Sdn Bhd at zero subscription cost.
CRG is the manufacturer and distributor of Carlo Rino and CR2 branded fashion products.
“The proposed distribution of Bonia’s entire shareholding in CRG is by way of dividend-in-specie on pro-rata
distribution to shareholders,” it said.
Upon completion of the proposed dividend-in-specie, the entitled shareholders will hold CRG shares directly.
“CRG will submit a listing application to Bursa Securities for its listing on the Leap Market,” it said.
Carlo Rino, established in 1986, is a brand specializing in producing high fashioned goods and accessories from the finest materials.
As one of the fastest growing brands, Carlo Rino is set to take the fashion scene to another level with its exciting and unique range of products that are classy, yet fashionable and contemporary.
Carlo Rino has taken a step forward and has gone global reaching out to 62 countries and still counting.