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SUIWAH

Others

SUIWAH CORPORATION BERHAD

EX-date 04 Jul 2019
Entitlement date 05 Jul 2019
Entitlement time 05:00 PM
Entitlement subject Others
Entitlement description Selective capital reduction and repayment exercise of Suiwah Corporation Bhd ("SCB" or the "Company") pursuant to Section 116 of the Companies Act 2016 ("SCR")
Period of interest payment   to  
Financial Year End 31 May 2020
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD Suite 18.05, MWE Plaza No. 8, Lebuh Farquhar 10200 Georgetown, Penang Tel: (04) 263 1966 Fax: (04) 262 8544
Payment date 12 Jul 2019
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 05 Jul 2019
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 indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 2.8
Par Value (if applicable)


Remarks :
Under the SCR, the ordinary shareholders of SCB, other than Suiwah Holdings Sdn Bhd, Dato Hwang Thean Long, Datin Cheah Gaik Huang, Suiwah Supermarket Sendirian Bhd, Hwang Siew Peng and Hwang Shin Hung ("Entitled Shareholders"), whose names appear on the Record of Depositors of SCB on the Entitlement Date shall be entitled to receive a cash amount of RM2.80 for each existing ordinary share in SCB ("SCB Share(s)") held by the Entitled Shareholders on the Entitlement Date ("SCR Cash Amount").

The settlement of the SCR Cash Amount will be effected via electronic remittance to the Entitled Shareholders' eDividend accounts duly registered with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository") within 10 days from the Entitlement Date. For the Entitled Shareholders who do not maintain eDividend accounts, the settlement of the SCR Cash Amount will be effected via remittance in the form of cheques, bankers drafts and/or cashiers orders which will be despatched by ordinary mail to the Entitled Shareholders (or their designated agents, as they may direct) at the Entitled Shareholders' registered addresses last maintained with Bursa Depository at their own risk within 10 days from the Entitlement Date.

The trading of SCB Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") will be suspended with effect from 9.00 a.m. on Monday, 1 July 2019 being 3 clear market days prior to the Entitlement Date. Accordingly, the last day for trading of SCB Shares on the Main Market of Bursa Securities prior to the suspension will be at 5.00 p.m. on Friday, 28 June 2019.

SCB Shares will no longer be traded on the Main Market of Bursa securities following its suspension on Monday, 1 July 2019. For the avoidance of doubt, the trading of SCB Shares will continue to be suspended until the delisting of SCB from the Official List of Bursa Securities following the completion of the SCR.

The notice to shareholders in relation to the suspension of trading of SCB Shares and the Entitlement Date for the SCR will be despatched to SCB's shareholders on 24 June 2019.

Any enquiries concerning this notice of book closure date should be addressed to the share registrar of SCB at the abovementioned contact details.


This announcement is dated 21 June 2019.


Announcement Info

Company Name SUIWAH CORPORATION BERHAD
Stock Name SUIWAH
Date Announced 21 Jun 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-21062019-00002