Highlights

[NYLEX] Others on 07-Jun-2004


Stock [NYLEX]: NYLEX MALAYSIA BHD
Announcement Date 07-Jun-2004

Financial Year
Subject Others
Type Consolidation
Description CAPITAL DISTRIBUTION BY NYLEX TO ITS SHAREHOLDERS TO BE EFFECTED THROUGH THE FOLLOWING: (A) CAPITAL REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF NYLEX FROM RM224,487,720 COMPRISING 224,487,720 ORDINARY SHARES OF RM1.00 EACH TO RM112,243,860 COMPRISING 224,487,720 ORDINARY SHARES OF RM0.50 EACH VIA THE CANCELLATION OF RM0.50 FROM EACH EXISTING ORDINARY SHARE OF RM1.00 PAR VALUE IN NYLEX PURSUANT TO AN ORDER OF THE HIGH COURT OF MALAYA UNDER SECTION 64 OF THE COMPANIES ACT, 1965 RESULTING IN A CAPITAL RESERVE OF RM112,243,860 TO BE UTILISED FOR THE CAPITAL DISTRIBUTION ("CAPITAL REDUCTION") (B) CONSOLIDATION OF 224,487,720 ORDINARY SHARES OF RM0.50 EACH IN NYLEX AFTER THE CAPITAL REDUCTION INTO 112,243,860 ORDINARY SHARES OF RM1.00 EACH ON THE BASIS OF TWO (2) ORDINARY SHARES OF RM0.50 EACH INTO ONE (1) ORDINARY SHARE OF RM1.00 EACH IN NYLEX HELD AT THE BOOKS CLOSURE DATE ("SHARE CONSOLIDATION") (C) CAPITAL DISTRIBUTION OF NYLEX’S ENTIRE INVESTMENT IN TAMCO CORPORATE HOLDINGS BERHAD ("TAMCO") OF RM112,243,860 COMPRISING 224,487,720 ORDINARY SHARES OF RM0.50 EACH ON THE BASIS OF TWO (2) TAMCO SHARES FOR EACH CONSOLIDATED NYLEX SHARE HELD ("CAPITAL DISTRIBUTION")
Amount 2 : 1
Ex Date 21-Jun-2004
Entitlement Date 23-Jun-2004
Payment Date


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