HWGB
Share Consolidation
| HO WAH GENTING BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY") ("HWGB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 31 JULY 2023 INTO 1 NEW HWGB SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 28 Jul 2023 |
| Entitlement date | 31 Jul 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 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 | 31 Jul 2023 |
| 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 |
| HO WAH GENTING BERHAD | 1.0000 : 4.0000 | 01 Aug 2023 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
The Share Consolidation involves the consolidation of every 4 existing HWGB Shares into 1 Consolidated Share as at 5.00 p.m. on 31 July 2023, 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 / or dealt with by the Board of Directors of the Company in such manner at its absolute discretion 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 1 August 2023, 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 HWGB Shares available in the market and the trading price of the HWGB 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 their HWGB Shares held.
This announcement is dated 14 July 2023. |
Announcement Info
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 14 Jul 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-13072023-00004 |
| Corporate Action ID | MY230713SPLR0001 |