RightIssue

[BNASTRA] Rights Issue on 08-Apr-2024

Announcement Date: 25-Mar-2024
Related Stock:
BNASTRA
BINASTRA CORPORATION BERHAD
Share Registrar:
BNASTRA
BINASTRA CORPORATION BERHAD
Amount

1.0000 : 10.0000

  • Ex Date
    08-Apr-2024
  • Entitlement Date
    09-Apr-2024
Description
RENOUNCEABLE RIGHTS ISSUE OF 45,250,000 NEW ORDINARY SHARES IN BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") ("BINASTRA SHARES(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 10 EXISTING BINASTRA SHARES HELD AS AT 5.00 P.M. ON 9 April 2024 ("RIGHTS ISSUE")

About BINASTRA CORPORATION BERHAD
Comintel Corp Bhd is a Malaysia-based investment holding company. The business activity of the group is functioned through System integration and maintenance services and manufacturing segments. The System integration segment is engaged in the provision of turnkey engineering design and integration, program management, installation, commissioning and the provision of electronic systems testing and repair; and Manufacturing segment is involved in the provision of manufacturing and assembling of electronic components. The group's operations are substantially operated in Malaysia.

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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