HEXIND
Share Consolidation
| SCH GROUP BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 3 EXISTING ORDINARY SHARES IN SCH GROUP BERHAD ("SCH" OR THE "COMPANY") ("SCH SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 12 MARCH 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 11 Mar 2021 |
| Entitlement date | 12 Mar 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Aug 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 12 Mar 2021 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
|
| Entitlement indicator | Ratio |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| SCH GROUP BERHAD | 1.0000 : 3.0000 | 15 Mar 2021 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
The Share Consolidation involves the consolidation of every 3 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 12 March 2021, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company in its sole and absolute discretion deems fit and expedient and in the best interest of the Company.
The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 15 March 2021, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Shares available in the market. As such, the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.
This announcement is dated 26 February 2021. |
Announcement Info
| Company Name | SCH GROUP BERHAD |
| Stock Name | SCH |
| Date Announced | 26 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26022021-00014 |
| Corporate Action ID | MY210226SPLR0001 |