Dividend in specie


Entitlement subject Dividend in specie
Entitlement description
Distribution of 17,584,030 ordinary shares in Sungei Bagan Rubber Company (Malaya) Berhad ("Sg Bagan"), representing all of the 26.51% equity interest held by Kuchai Development Berhad ("KDB") in Sg Bagan, to the entitled shareholders of KDB by way of dividend-in-specie ("Dividend-In-Specie")
Ex-Date 17 Aug 2022
Entitlement date 18 Aug 2022
Entitlement time 5:00 PM
Financial Year End 30 Jun 2022
Share transfer book& register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 18 Aug 2022
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 16 Aug 2022
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 indicator Ratio
Par Value (if applicable)

Securities Entitlement
Company Name
Ordinary Shares
Ratio (New : Existing) 0.1420 : 1.0000
Securities Crediting Date 09 Sep 2022
Available / Listing Date
Fractional Entitlement Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5 Jalan Prof. Khoo Kay Kim

Seksyen 13

46200 Petaling Jaya



Tel:+603-7890 4700
Fax:+603-7890 4670

Remarks :
We refer to the announcements dated 22 April 2022, 13 May 2022 and 8 June 2022 in relation to the Dividend-In-Specie as well as the circular to shareholders of KDB in relation to the Dividend-In-Specie dated 15 July 2022 ("Circular"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements and the Circular.

The shareholders of KDB whose names appear in the Record of Depositors of KDB as at 5:00 p.m. on Thursday, 18 August 2022 ("Entitlement Date") shall be entitled to the Dividend-In-Specie ("Entitled Shareholders"). The Entitled Shareholders will not be required to pay for their entitlements to the Distributable Shares and will receive their entitlements at no cost.

Based on the total issued share capital of KDB of RM63,669,533 comprising 123,747,334 KDB Shares, the Distributable Shares are expected to be distributed on the basis of approximately 0.142 Sg Bagan Shares for every one (1) KDB Share held by the Entitled Shareholders as at the Entitlement Date. For illustrative purpose, an Entitled Shareholder holding 1,000 KDB Shares will be entitled to receive 142 Sg Bagan Shares from the Dividend-In-Specie. 

The actual number of Distributable Shares which the Entitled Shareholders will receive under the Dividend-In-Specie will be calculated based on the following formula:

[(Number of Sg Bagan Shares held by KDB / Number of KDB Shares in issue) x Number of KDB Shares held by the Entitled Shareholder as at the Entitlement Date]

Fractional entitlements to the Distributable Shares, if any, will be disregarded and dealt with in such manner or terms as the Board in its absolute discretion deems fit and expedient, and in the best interest of the Company.

This Announcement is dated 3 August 2022.

Announcement Info

Stock Name KUCHAI
Date Announced 03 Aug 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-03082022-00002
Corporate Action ID MY220803DVSE0001

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