MAHSING

Bonus Issue

MAH SING GROUP BERHAD

EX-date

05/07/2007
Entitlement date09/07/2007
Entitlement time05:00:00 PM
Entitlement subjectBonus Issue
Entitlement descriptionBONUS ISSUE OF UP TO A MAXIMUM OF 104,094,008 ORDINARY SHARES OF RM0.50 EACH (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF RM0.50 EACH (“SHARES”) HELD IN MAH SING GROUP BERHAD (“MAH SING” OR THE “COMPANY”) AT 5.00 P.M. ON 9 JULY 2007 (“BONUS ISSUE”)
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 noPFA Registration Services Sdn. Bhd.
Level 13, Uptown 1, No.1, Jalan SS 21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan
Tel No. 603-7725 4888
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers09/07/2007 
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 1 : 5
Rights Issues/Offer Price

Remarks :
Shareholders whose names appear in the Record of Depositors for Ordinary Shares of the Company at 5.00 p.m. on 9 July 2007 (“Entitlement Date”) will be entitled to the Bonus Shares.

In addition, warrant holders of Mah Sing who exercise their rights to subscribe for new Mah Sing Shares by lodging their duly completed exercise forms for the warrants 2004/2009 in Mah Sing (“Warrants”) together with the relevant subscription monies with the Company’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 29 June 2007 will also be entitled to the Bonus Shares. The rationale is to allow the new Shares arising from such exercise of Warrants to be allotted to the respective holders and ensure that their names appear in the Record of Depositors for Ordinary Shares of the Company on the Entitlement Date.

Conversely, Warrant holders of Mah Sing whose names appear in the Record of Depositors for Warrants of the Company at 5.00 p.m. on the Entitlement Date shall be entitled to adjustment to the number of Warrants in accordance with the provisions under the deed poll executed by the Company on 2 April 2004 constituting the Warrants (“Deed Poll”).

Pursuant to the provisions under the Deed Poll, the entitled Warrant holder shall be entitled to one (1) additional new Warrant for every five (5) existing Warrants held on the Entitlement Date. However, the existing exercise price of RM0.50 per Mah Sing Share shall remain unchanged and will not be adjusted consequential to the Bonus Issue as any adjustment pursuant thereto would have resulted in the exercise price being below the current par value of Mah Sing Share of RM0.50 per Mah Sing Share. A notification to the Warrant holders setting out such adjustment will be issued by the Company in due course.

The Bonus Shares shall be listed and quoted on the Main Board of Bursa Malaysia Securities Berhad on 10 July 2007, being the next market day following the Entitlement Date.

The Share Registrar of Mah Sing will issue and despatch notices of allotment to all entitled Shareholders by 16 July 2007.

This announcement is dated 25 June 2007.


Announcement Info

Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING    
Date Announced25 Jun 2007  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-070625-67443


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