Sub-Division of Shares, Shares Consolidation and Bonus Issue Exercise in the CDS
(SPEEDS)
Listed below are the Issuers that have announced their books closing date for SPEEDS
corporate exercise (as at 02/03/2010)
| Goh Ban Huat Berhad |
Rights Issue (2:1)
|
01/03/2010
|
12/03/2010
|
16/03/2010
|
17/03/2010
(Trading of PAL) |
| Ho Wah Genting Berhad |
Rights Issue (1:2) |
02/03/2010 |
12/03/2010 |
16/03/2010 |
17/03/2010
(Trading of PAL)
|
| Hai-O Enterprise Berhad |
Bonus Issue (1:5)
Subdivision of Shares (2:1) |
24/02/2010 |
16/03/2010 |
18/03/2010 |
19/03/2010 |
* Investors are advised to check the announcement made by the Issuer
in relations to the SPEEDS corporate exercises.
What is SPEEDS?
SPEEDS is an initiative introduced by by Bursa Malaysia Depository Sdn Bhd to enhance the
efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter
timeline for selected corporate exercises namely:
- Sub-division/Shares Split
- Shares Consolidation
- Bonus Issues
- Capital Restructuring
- Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional
Allotment of Rights)
The above corporate exercise must be on a stand-alone basis or inter-conditional between the
above corporate exercises.
Under SPEEDS, the listed issuer, shareholders and investors will enjoy the following
benefits:
- Provides greater efficiency with the capability to shorten the corporate exercise timelines and
to have the listing date based on Book Closing Date (BCD) + 1.
- Provides greater efficiency with the capability to shorten the rights issue timelines and to
enable the trading of Rights based on Book Closing Date (BCD) + 1.
- Provides certainty to the market whereby shareholders or investors know for certain the listing
of the securities on the Stock Exchange
- Reduces risks associated with the suspension of shares that are undergoing corporate
exercises.
- Encompasses best market practices that bring us on par with other jurisdictions.
If you require further information on SPEEDS, kindly refer to Bursa Malaysia Berhad's
Press
Release dated 9 March 2007 .
|
