[] () () a situation in which a company uses its spare profits (reserves) to create new shares, which are then given free to the shareholders in proportion to the number of shares that they already own 红股发行（公司利用剩余利润增发新股，按持股比例无偿分给现有股东）◆The company has proposed a 1–for–2 bonus issue (= shareholders get 1 extra share for every 2 shares that they own). 公司建议按每 2 股送 1 股的比例发行红股。SYNcapitalization issue , scrip issue