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 |