Bonus Issue of up to 53,791,760 new ordinary shares in Malaysia Steel Works (KL) Bhd ("Masteel") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 5 existing ordinary shares held in Masteel ("Masteel Share(s)" or "Share(s)") at 5.00 p.m. on 28 September 2017
About MALAYSIA STEEL WORKS (KL)BHD
Malaysia Steel Works (KL) Bhd Shs engages in manufacturing of steel bars and steel billets. The company also has an associate company which is a Bio Nexus certified company that manufactures radioisotopes which are used by hospitals for cancer imaging. The group is primarily organised in one business segment which is the manufacturing of steel bars and billets. The firm's main activities areas are the Malaysia and Outside Malaysia. The company's factories are located strategically at Petaling Jaya and Bukit Raja, Klang in the state of Selangor. It generates most of its revenues through the manufacturing of steel bars and billets in the Malaysian market.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:
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2017-09-13 23:11