Consolidation

[MQTECH] Share Consolidation on 23-Sep-2024

Announcement Date: 09-Sep-2024
Related Stock:
MQTECH
MQ TECHNOLOGY BHD
Share Registrar:
MQTECH
MQ TECHNOLOGY BHD
FY: 28-Feb-2025
Amount

1.0000 : 10.0000

  • Ex Date
    23-Sep-2024
  • Entitlement Date
    24-Sep-2024
Description
CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

About MQ TECHNOLOGY BHD
MQ Technology Bhd is an investment holding company. Through its subsidiaries, it provides rapid tooling and prototyping division, which automates, design, develops and manufactures molds, tools, dies, jigs and fixtures used in the manufacture of hard disk drives, automotive and medical industries. The firm also design, development and manufactures advanced suspension tooling, progressive tooling, semiconductor cavity/encapsulation molds for application in hard disk drives and semiconductor industries and advanced automation modules, medical instrument systems and optoelectronics applications. Geographically the firm derives the majority of its revenue from the United States of America through Sale of goods.

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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