• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES MARINE & GENERAL BERHAD (FORMERLY KNOWN AS SILK HOLDINGS BERHAD) ("M&G" OR THE "COMPANY") DIVIDEND REINVESTMENT PLAN THAT GIVES ITS SHAREHOLDERS THE OPTION TO REINVEST THEIR CASH DIVIDEND(S) DECLARED BY M&G IN NEW ORDINARY SHARES OF M&G ("DRP")

SILK HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
MARINE & GENERAL BERHAD (FORMERLY KNOWN AS SILK HOLDINGS BERHAD) ("M&G" OR THE "COMPANY")
DIVIDEND REINVESTMENT PLAN THAT GIVES ITS SHAREHOLDERS THE OPTION TO REINVEST THEIR CASH DIVIDEND(S) DECLARED BY M&G IN NEW ORDINARY SHARES OF M&G ("DRP")

We refer to the announcements dated 21 June 2017 and 23 June 2017.

 

On behalf of the Board of Directors of M&G, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) and Astramina Advisory Sdn Bhd wish to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 10 July 2017 (which was received after the close of business on 10 July 2017), approved the listing of and quotation for up to 328,843,856 new ordinary shares in M&G (“Shares”) to be issued pursuant to the DRP, subject to the following conditions:

 

(1)        M&G and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) of Bursa Securities pertaining to the implementation of the proposal;

 

(2)        M&G and Affin Hwang IB to inform Bursa Securities upon completion of the proposal; and

 

(3)        M&G to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities approval once the DRP is completed.

 

As the new Shares to be issued pursuant to the DRP will be listed and quoted as the existing securities of the same class, quotation of the new ordinary shares will commence on the next market day after the following:

 

(i)         submission of the share certificate together with a covering letter containing the summary of the corporate proposal to Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) before 10.00 a.m. on the market day prior to the listing date;

 

(ii)         receipt of confirmation from Bursa Depository that the additional new shares are ready for crediting into the securities accounts of the respective account holders; and

 

(iii)        an announcement in accordance to Paragraph 13.2 of Practice Note 28 is submitted via Bursa Link before 3.00 p.m. on the market day prior to the listing date.

 

M&G is required to ensure full compliance of all the requirements under the Listing Requirements at all times.

 

This announcement is dated 11 July 2017.

 






Announcement Info

Company Name SILK HOLDINGS BERHAD
Stock Name SILKHLD
Date Announced 11 Jul 2017
Category General Announcement for PLC
Reference Number GA1-11072017-00005



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X