YONGTAI

Share Consolidation

YONG TAI BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 29 Jul 2022
Entitlement date 01 Aug 2022
Entitlement time 5:00 PM
Financial Year End 30 Jun 2023
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 01 Aug 2022
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
YONG TAI BERHAD 1.0000 : 5.0000 02 Aug 2022 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no BINA MANAGEMENT (M) SDN BHD
Lot 10, The Highway Centre
Jalan 51/205

46050 Petaling Jaya

Selangor

Malaysia

Tel:0377843922
Fax:0377841988


Remarks :
Remarks :
The Share Consolidation involves the consolidation of every 5 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 1 August 2022, 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 by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 2 August 2022, 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 Main Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of Shares available in the market and 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.

Holders of outstanding irredeemable convertible preference shares  ("ICPS") who wish to be entitled to the Share Consolidation should convert their ICPS by lodging their duly completed ICPS conversion forms with the Share Registrar, Bina Management (M) Sdn Bhd, on or before 5.00 p.m. on 20 July 2022. This is to enable their names to appear on the Company's Record of Depositors by 5.00 p.m. on 1 August 2022.

This announcement is dated 18 July 2022.


Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI
Date Announced 18 Jul 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-12072022-00002
Corporate Action ID MY220712SPLR0001


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