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HLIND

Others

HONG LEONG INDUSTRIES BERHAD

EX-date

14/10/2014
Entitlement date16/10/2014
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionDistribution of 345,030,635 new ordinary shares of RM1.00 each in Narra Industries Berhad (“Narra Shares”) to the shareholders of Hong Leong Industries Berhad (“HLI”) by way of a capital reduction in accordance with Section 64 of the Companies Act, 1965 and a capital repayment on the basis of 1,080 Narra Shares for every 1,000 ordinary shares of RM0.50 each in HLI (“HLI Shares”) (“Capital Distribution”)
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. No.: 03-2164 1818
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers16/10/2014 
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 1080 : 1000
Rights Issues/Offer Price

Remarks :
The above 345,030,635 Narra Shares to be distributed represent substantially all the consideration shares to be received by HLI from Narra Industries Berhad (“Narra”) pursuant to the disposal by HLI of Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd) and the entire irredeemable convertible preference shares in Hume Cement Sdn Bhd to Narra.

The Capital Distribution shall be implemented by way of reduction of the share premium reserve of HLI by approximately RM234.1 million.

Under the Capital Distribution, entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”).

Fractional entitlements to the Narra Shares, if any, shall be disregarded and shall be dealt with by the Board of Directors of HLI as it may in its absolute discretion deems fit or expedient and in the best interests of HLI.

The Narra Shares to be distributed shall be credited into the Central Depository System accounts of the entitled shareholders within 8 market days from the Entitlement Date.

This announcement is dated 30 September 2014.


Announcement Info

Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND    
Date Announced30 Sept 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoML-140930-53773