Consolidation

[SANICHI] Share Consolidation on 13-Dec-2024

Announcement Date: 29-Nov-2024
Related Stock:
SANICHI
SANICHI TECHNOLOGY BHD
Share Registrar:
SANICHI
SANICHI TECHNOLOGY BHD
FY: 31-Mar-2025
Amount

1.0000 : 10.0000

  • Ex Date
    13-Dec-2024
  • Entitlement Date
    16-Dec-2024
Description
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("SANICHI SHARES" OR "SHARES") INTO 1 SANICHI SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

About SANICHI TECHNOLOGY BHD
Sanichi Technology Bhd through its subsidiaries is engaged in designing and fabrication of precision moulds and tooling for use in an automobile, home appliance, audio visual, computer peripheral, electrical and telecommunication industry. It has two reportable segments namely Investment holding investment property and Manufacturing. The company?s products are further divided into two segments namely Cosmetic Parts and Mechanical Parts. Some of its products are Rapid Cooling Mould, Multi-polymer Mould, Gas Injection Mould, Weld Less Technology and Motorised Gear Mould. It generates a majority of its revenue from Manufacturing. Geographically, the company generates a major share of revenue from Hong Kong.

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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