Shares Distribution from subsidiary company

[TNLOGIS] Dividend in specie on 26-Nov-2024

Announcement Date: 12-Nov-2024
Related Stock:
TNLOGIS
TIONG NAM LOGISTICS HOLDINGS
Share Registrar:
TNLOGIS
TIONG NAM LOGISTICS HOLDINGS
FY: 31-Mar-2025
Amount

1.0000 : 40.0000

  • Ex Date
    26-Nov-2024
  • Entitlement Date
    27-Nov-2024
Description
PROPOSED INTERIM SHARE DIVIDEND OF 1 TREASURY SHARE FOR EVERY 40 EXISTING ORDINARY SHARES

About TIONG NAM LOGISTICS HOLDINGS
Tiong Nam Logistics Holdings Bhd is a Malaysia-based company engaged in the provision of fully integrated logistics and warehousing services. It operates through three segments namely Logistics and warehousing services, Investment and Property development. The company offers a variety of services such as warehouse space and management services, trucking delivery, cross-border transfers, container haulage, heavy transportation, as well as last measure delivery for e-commerce companies. It renders services across countries like Malaysia, Thailand, Singapore, and Myanmar. Additionally, the company also undertakes several projects comprising of residential service apartments and commercial properties and other real-estate related activities.

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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