Bonus Issue

[MAGNI] Bonus Issue on 14-Oct-2019

Announcement Date: 01-Oct-2019
Related Stock:
MAGNI
MAGNI-TECH INDUSTRIES BHD
Share Registrar:
MAGNI
MAGNI-TECH INDUSTRIES BHD
FY: 30-Apr-2020
Amount

1 : 3

  • Ex Date
    14-Oct-2019
  • Entitlement Date
    15-Oct-2019
Description
Bonus issue of 108,487,894 new ordinary shares in Magni-Tech Industries Berhad ("Magni") ("Bonus Shares") on the basis of one (1) Bonus Share for every three (3) ordinary shares held in Magni after the Share Split (as defined below) ("Bonus Issue")

About MAGNI-TECH INDUSTRIES BHD
Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in manufacture and sales of garments. In addition, the company also manufactures and distribute flexible plastic and corrugated packaging products. The company is organised into two business segments namely Manufacturing and sales of packaging materials and Manufacturing and sales of garments. The group operates in Malaysia for manufacturing and sales of packaging materials and garments and in Vietnam for manufacturing and sales of garments. Manufacturing and sales of garments segment contribute majorly in the company's revenue.

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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