Elsoft makes test and burn-in equipment for LEDs whereas KESM provides service to test and burn-in ICs and LEDs, It also provides PCB assembly services.
Description ELSOFT RESEARCH BERHAD ("ELSOFT" OR THE "COMPANY")
(I) PROPOSED BONUS ISSUE; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED AMENDMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcement dated 28 September 2016 and 6 October 2016 ("Announcements").
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)
On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 10 October 2016, resolved to approve the listing and quotation of up to 93,841,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue.
The approval by Bursa Securities is subject to the following conditions:
(i) Elsoft and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;
(ii) Elsoft and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) Elsoft to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and
(iv) Elsoft and Affin Hwang IB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
slbzr
168 posts
Posted by slbzr > 2016-07-25 17:44 | Report Abuse
The case is still on,