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3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct<1/4>, of Selling Price against the Selling Client.
b) Buying Broker to deduct <25%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/4>, of the Transacted Price is applicable.
Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 15 October 2019 with Share split and bonus issue of MAGNI shares, any shareholder who is entitled to receive MAGNI share split and bonus issue, may sell any or all of his MAGNI shares arising from the bonus issue and share split beginning the Ex-Date (14 October 2019).