Bonus issue of 180,413,666 new ordinary shares in Seng Fong Holdings Berhad ("Seng Fong") ("Bonus Shares") on the basis of 1 Bonus Share for every 3 existing ordinary shares in Seng Fong held as at 5.00 p.m. on 7 June 2024 ("Entitlement Date") ("Bonus Issue")
About SENG FONG HOLDINGS BERHAD
Seng Fong Holdings Berhad is a Malaysia-based investment holding company and engaged in provision of management services. The Company, through its subsidiaries, is involved in trading, processing and sale of rubber products. The Company subsidiaries include Seng Fong Trading Sdn Bhd (SFT) and Syarikat Tenaga (Gemas) Sdn Bhd (STG). The Company operates in two segments Processing Segment and Trading Segment. Its Processing Segment source cup lump primarily from domestic and international rubber traders; and semi-processed rubber (RSS and synthetic rubber) and value-added additives (other chemicals) mainly from international rubber traders, to produce SMR Grade and Premium Grade block rubber. Trading Segment trades block rubbers which are sourced from international rubber traders and/or natural rubber processors. Block rubbers produced are sold directly to end-user customers, which are tire manufacturers, and sold to international rubber traders.
How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:
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