On behalf of the Company, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 19 June 2012, approved the listing of and quotation for up to 119,586,000 new Shares to be issued pursuant to the Proposal on the Main Market of Bursa Securities.
The approval by Bursa Securities for the listing application is subject to the following conditions:
(i) UOA Development and CIMB must fully comply with the relevant provisions under Bursa Securities’ Main Market Listing Requirements pertaining to the implementation of the Proposal;
(ii) UOA Development and CIMB to inform Bursa Securities upon the completion of the Proposal; and
(iii) UOA Development to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposal is completed.
If not mistaken the exchange price for DRS may be 1.00 which gives the ex-all price of 1.42 and the forward PE of about 10. Would you invest in this stock if it turns out this way?
Announcement Dated 07/06/2012: DIVIDEND REINVESTMENT SCHEME (“DRS”) THAT PROVIDES THE SHAREHOLDERS OF UOA DEVELOPMENT THE OPTION TO ELECT TO REINVEST THEIR CASH DIVIDEND IN NEW ORDINARY SHARES OF RM0.05 EACH IN UOA DEVELOPMENT(“SHARE(S)”) (“PROPOSAL”)
1. Share Issued: 1.196 billion
2. Dated 19 June 2012, approved the listing of and quotation for up to 119,586,000 new Shares (10% of paid-up capital).
3. If holding 10,000 units the entitlement 1,000 units if 10% dividend is declare. Well the dividend can be less but not more than 10%.
4. Earnings: The Proposed Dividend Reinvestment Scheme is not expected to have a material effect on the earnings for the financial year ending 31 December 2012. Consequent to the increase in UOA Shares arising from the Scheme, the earnings per share will be diluted accordingly. So will the share price....heheheheh!!
this counter big player only epf la, depend on its mood, like now, meant epf still want him, until the time, if epf dun want him, sure will goreng high and throw...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
theews82
1,895 posts
Posted by theews82 > 2012-06-19 20:47 | Report Abuse
i think soon, Dividend will be annouced.
On behalf of the Company, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 19 June 2012, approved the listing of and quotation for up to 119,586,000 new Shares to be issued pursuant to the Proposal on the Main Market of Bursa Securities.
The approval by Bursa Securities for the listing application is subject to the following conditions:
(i) UOA Development and CIMB must fully comply with the relevant provisions under Bursa Securities’ Main Market Listing Requirements pertaining to the implementation of the Proposal;
(ii) UOA Development and CIMB to inform Bursa Securities upon the completion of the Proposal; and
(iii) UOA Development to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposal is completed.
This announcement is dated 19 June 2012.