WEIDA

2.390

(%)

OTHERS LETTER FROM WEIDA MANAGEMENT SDN BHD ("WMSB") ON NOTICE OF CASH COMPENSATION

WEIDA (M) BHD

Type Announcement
Subject OTHERS
Description
LETTER FROM WEIDA MANAGEMENT SDN BHD ("WMSB") ON NOTICE OF CASH COMPENSATION

On behalf of the Board of Directors of Weida (M) Bhd (“Weida”) (“Board”), RHB Investment Bank Berhad wishes to announce that the Company had on 6 September 2018 received a letter from WMSB (“Letter”) notifying the Board that WMSB is offering a cash compensation scheme to the registered shareholders of Weida whose names appear on the record of depositors of Weida as at 5.00 p.m. on 18 December 2015 and persons who purchased Weida shares between 9.00 a.m. on 16 December 2015 and 5.00 p.m. on 18 December 2015 (both dates inclusive) other than WMSB and its persons acting in concert, who sold their Weida shares partially or fully during the compensation period between 9.00 a.m. on 19 December 2015 and 5.00 p.m. on the date of despatch of the compensation document at a price lower than RM1.90 per Weida share, (“Qualified Shareholders”) (“Cash Compensation Scheme”). WMSB intends to close the Cash Compensation Scheme on 5.00 p.m. on 6 November 2018.

 

Further details of the terms of the Cash Compensation Scheme and the procedures for claims will be set out in the compensation document to be despatched to the Qualified Shareholders in due course.

 

The Letter from WMSB is attached herewith for information.

 

 

This announcement is dated 6 September 2018.




Please refer attachment below.



Announcement Info

Company Name WEIDA (M) BHD
Stock Name WEIDA
Date Announced 06 Sep 2018
Category General Announcement for PLC
Reference Number GA1-05092018-00041