MAHSING

Others

MAH SING GROUP BERHAD

EX-date

21/06/2007
Entitlement date25/06/2007
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionSHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH (“SHARE”) HELD AT 5.00 P.M. ON 25 JUNE 2007 IN MAH SING GROUP BERHAD (“MAH SING” OR THE “COMPANY”) INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN MAH SING (“SPLIT SHARES”)
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 transfers25/06/2007 
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 2 : 1
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 25 June 2007 (“Entitlement Date”) will be entitled to the Split 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 (“Warrants”) together with the relevant subscription monies with the Company’s Share Registrar (at the address stated above) by 5.00 p.m. on 15 June 2007 will also be entitled to the Split 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 by 5.00 p.m. on the Entitlement Date shall be entitled to adjustments to the exercise price and 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 one (1) existing Warrant held on the Entitlement Date. In addition, the existing exercise price of RM1.00 of the Warrants per ordinary share of Mah Sing shall be adjusted to RM0.50 per ordinary share of Mah Sing with effect from 5.00 p.m. on 25 June 2007, being the close of market day immediately preceding the listing and quotation date of the Split Shares. A notification to the Warrant holders setting out such adjustments will be issued by the Company in due course.

The Split Shares shall be listed and quoted on the Main Board of Bursa Malaysia Securities Berhad on 26 June 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 2 July 2007.

This announcement is dated 11 June 2007.


Announcement Info

Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING    
Date Announced11 Jun 2007  
CategoryEntitlements (Notice of Book Closure)
Reference NoMM-070611-66111


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