Bonus Issue

[KSSC] Bonus Issue on 03-Oct-2022

Announcement Date: 20-Sep-2022
Related Stock:
KSSC
K. SENG SENG CORPORATION BHD
Share Registrar:
KSSC
K. SENG SENG CORPORATION BHD
FY: 31-Dec-2022
Amount

1.0000 : 3.0000

  • Ex Date
    03-Oct-2022
  • Entitlement Date
    04-Oct-2022
Description
Bonus issue of up to 43,200,000 free warrants in K. Seng Seng Corporation Berhad ("KSSC") ("Warrant(s)") on the basis of 1 Warrant for every 3 existing ordinary shares held in KSSC held at 5.00 p.m. on 4 October 2022 ("Entitlement Date")

About K. SENG SENG CORPORATION BHD
K. Seng Seng Corp Bhd is an investment holding company. It operates through four segments. The Stainless Steel products segment manufactures and sells stainless steel tubes and pipes. Its Marine Hardware and the Consumable segment are engaged in trading of marine hardware products. Engineering Works segment is involved in the manufacturing and installation of glove dipping lines. The company?s other Industrial Hardware segment includes trading of industrial hardware products such as the bronze shaft, brass tubes, and other steel industrial fasteners.

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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