Sing Holdings (5IC) announced a plan to issue one bonus share for every four existing shares held by shareholders as at a record date that will be set later.

The developer currently has 400.99 million shares outstanding and holds no treasury shares. On that basis, up to 100.25 million bonus shares could be issued under the proposal.

The new shares will be issued at no cost and will rank pari passu with existing shares, except they will not qualify for the final cash dividend of 0.01 Singapore dollars per share or the special cash dividend of 0.04 Singapore dollars per share announced on Feb, 24 2026.

Sing Holdings said the move aims to recognise shareholder support, enlarge its share capital to reflect business growth and enhance trading liquidity by making the stock more accessible.

The bonus issue is subject to shareholders approving a general mandate at the upcoming annual general meeting and to in-principle approval from the Singapore Exchange for listing the new shares.

The company noted that none of its directors or substantial shareholders has any interest in the proposal beyond their current shareholdings.