Not in above category

[AYS] Others on 20-Apr-2012

Announcement Date: 09-Apr-2012
Related Stock:
AYS
AYS VENTURES BHD
Share Registrar:
AYS
AYS VENTURES BHD
Amount

8 : 50

  • Ex Date
    20-Apr-2012
  • Entitlement Date
    24-Apr-2012
Description
SHARE EXCHANGE OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF NV MULTI OF 115,110,300 ORDINARY SHARES OF RM0.01 EACH IN NV MULTI ("NV MULTI SHARES") FOR 18,417,648 NEW ORDINARY SHARES OF RM0.50 EACH IN AYS VENTURES BERHAD ("AYS VENTURES SHARES") PURSUANT TO A SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965, AT AN ISSUE PRICE OF RM0.50 PER AYS VENTURES SHARE ON THE BASIS OF 8 NEW AYS VENTURES SHARES FOR EVERY 50 EXISTING NV MULTI SHARES HELD ("SHARE EXCHANGE")

About AYS VENTURES BHD
AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel related products. The company is organized into three segments namely trading, manufacturing and others. The trading division trades and markets a diverse range of steel products and construction materials whilst the manufacturing division manufactures and trades pressed steel and fiberglass reinforced polyester sectional water tanks, steel purlin, and wire products. Other segment includes investment holding, warehousing and storage services and dormant. The products serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant and shipbuilding sectors. The group principally operates within 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:

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

Post a Comment