typo kot, Murphy's oil fields?

i know it bids well for sentiment and i am happy that it is approved but theoretically a bonus issue shouldn't have any impact on share price since everything else remains equal. nevertheless am happy as i am still in loss position with major holding. happy with the announcement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1605417

We refer to the announcements dated 28 February 2014 and 26 March 2014 in respect of the Proposed Bonus Issue (“Announcements”). Unless otherwise defined, the definitions set out in the said Announcements shall apply herein.

On behalf of the Board, RHB Investment Bank is pleased to announce that Bursa Securities had vide its letter dated 25 April 2014 approved the listing of and quotation for the 675,000,000 Bonus Shares, subject to the following conditions:

(i) Datasonic and its adviser must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

(ii) Datasonic and its adviser to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) Datasonic to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed;

(iv) Datasonic or its adviser to furnish to Bursa Securities a certified true copy of the relevant resolution passed by shareholders in general meeting approving the Proposed Bonus Issue; and

(v) Datasonic and its adviser are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements.


This announcement is dated 25 April 2014.

with all the insanity on the counter and this forum, the calming comments by pavilion is quite welcomed haha

i wonder if the the CA holders know that conversion is at 6:1 @ current price of .295 will bring their total cost to 5.49 (conversion cost to 1.77 + ex price of 3.72). why would anyone buy at that price?