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HLIND

Others

HONG LEONG INDUSTRIES BERHAD

EX-date

14/06/2011
Entitlement date16/06/2011
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionNotice of Book Closure - Capital Distribution of up to 119,802,303 ordinary shares of RM0.50 each in Malaysian Pacific Industries Berhad ("MPI") held by Hong Leong Industries Berhad ("HLI") and Maxider Sdn Bhd ("MPI Distribution Shares") to the shareholders of HLI on the basis of 75 MPI Distribution Shares for every 300 HLI ordinary shares held as at 5.00 p.m. on 16 June 2011, to be effected by way of a reduction in the share capital of HLI on the basis of 100 HLI ordinary shares cancelled for every 300 HLI ordinary shares held as at 5.00 p.m. on 16 June 2011 and the reduction in the share premium reserve of HLI by RM562,150,671 pursuant to Section 64 of the Companies Act, 1965 ("Demerger")
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noHong Leong Share Registration Services Sdn Bhd
Level 5, Wisma Hong Leong
18 Jalan Perak
50450 Kuala Lumpur
Tel: (603) 2164 1818
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers16/06/2011 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 75 : 300
Rights Issues/Offer Price

Remarks :
The above entitlement ratio of 75 MPI Distribution Shares for every 300 HLI ordinary shares is to be effected by way of reduction in the capital of HLI pursuant to Section 64 of the Companies Act, 1965 in the following manner:

(a) reduction in the share capital of HLI by cancelling the HLI ordinary shares in issue (excluding the HLI ordinary shares held as treasury shares) on the basis of 100 HLI ordinary shares cancelled for every 300 HLI ordinary shares held as at 5.00 p.m. on 16 June 2011; and

(b) reduction in the share premium reserve of HLI by RM562,150,671.

On 23 May 2011, HLI had announced that the High Court of Malaya had on even date granted an order to sanction the Demerger. A copy of the sealed order will be lodged with the Companies Commission of Malaysia to effect the reduction of capital in HLI.

This announcement is dated 1 June 2011.


Announcement Info

Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND    
Date Announced1 Jun 2011  
CategoryEntitlements (Notice of Book Closure)
Reference NoML-110527-60850