Bonus Issue

[MAXLAND] Bonus Issue on 20-Jun-2024

Announcement Date: 07-Jun-2024
Related Stock:
Share Registrar:
FY: 30-Jun-2024

1.0000 : 2.0000

  • Ex Date
  • Entitlement Date
Bonus issue of 801,814,836 free warrants in Priceworth International Berhad ("PWI" or the "Company") ("Warrant(s) B") on the basis of 1 Warrant B for every 2 existing ordinary shares in PWI held by the entitled shareholders of the Company ("Entitled Shareholders") at 5.00 p.m. on 21 June 2024

Priceworth International Bhd operates in Malaysian timber and wood-based products industry. The company is organised into business units based on their products and services and has four reportable operating segments. The logging segment is involved in extraction, the sale of logs and tree planting. The manufacturing segment is in the business of manufacturing and sale of plywood, raw and laminated particleboard, and finger joint moulding. The shipyard segment is involved in the provision of marine services, including repair and maintenance of tugboat and barge amongst others; and others segment is involved in investment holding and the provision of hiring services. The majority of its revenue is derived from the Japan.

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:

Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment