SPEEDS
Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 25/10/2022)
Counter |
Type (Ratio) |
声明书s Closing Date (BCD) |
Ex- Date |
BCD |
Listing |
Focus Lumber Berhad |
Bonus Issue (1:1) |
14/10/2022 |
31/10/2022 |
01/11/2022 |
02/11/2022 |
S P Setia Berhad |
Rights Issue (67:100) |
18/10/2022 |
01/11/2022 |
02/11/2022 |
03/11/2022 (Trading of Rights |
Advanced Packaging Technology (M) Bhd |
Subdivision of Share (4:1) |
18/10/2022 |
03/11/2022 |
04/11/2022 |
07/11/2022 |
Seni Jaya Corporation Berhad |
Bonus Issue (3:1) |
21/10/2022 |
07/11/2022 |
08/11/2022 |
09/11/2022 |
Seni Jaya Corporation Berhad-WA |
Adjustment of warrants (3:1) |
21/10/2022 |
07/11/2022 |
08/11/2022 |
09/11/2022 |
M N C无线有限公司 |
Share Consolidation (1:10) |
21/10/2022 |
07/11/2022 |
08/11/2022 |
09/11/2022 |
M N C无线有限公司-PA |
Share Consolidation (1:10) |
21/10/2022 |
07/11/2022 |
08/11/2022 |
09/11/2022 |
M N C无线有限公司-WB |
Share Consolidation (1:10) |
21/10/2022 |
07/11/2022 |
08/11/2022 |
09/11/2022 |
In relation to the Share Consolidation by M N C Wireless Berhad (“MNC”) as a SPEEDS Corporate Exercise, Bursa Malaysia Depository Sdn Bhd will commence the crediting of the consolidated MNC shares on the evening of the BCD which is 08/11/2022. MNC shareholders may use the following basis to estimate the maximum number of MNC shares that they may sell from Ex-date until BCD periods where the MNC shares are traded under the newly adjusted units.
The following are also applicable to the ICPS and warrant holders:
Counter |
Ex-date until BCD |
Basis to estimate maximum number of shares that shareholders may sell during the period from Ex date until BCD |
Trading of shares after BCD |
M N C无线有限公司 |
07/11/2022 – 08/11/2022 |
Number of shares held / 10 (all fractional shares computed should be disregarded). |
Based on the number of shareholdings in their account(s) from 08/11/2022 onwards. |
Counter |
Ex-date until BCD |
Basis to estimate maximum number of ICPS that shareholders may sell during the period from Ex date until BCD |
Trading of ICPS after BCD |
M N C无线有限公司-PA |
07/11/2022 – 08/11/2022 |
Number of ICPS held / 10 (all fractional ICPS computed should be disregarded). |
Based on the number of shareholdings in their account(s) from 08/11/2022 onwards. |
Counter |
Ex date until BCD |
Basis to estimate maximum number of warrants that shareholders may sell during the period from Ex date until BCD |
Trading of warrants after BCD |
M N C无线有限公司-WB |
07/11/2022 – 08/11/2022 |
Number of warrants held / 10 (all fractional warrants computed should be disregarded). |
Based on the number of shareholdings in their account(s) from 08/11/2022 onwards. |
* Investors are advised to check the announcements made by the Issuer in relation to the above SPEEDS corporate exercise.
What is SPEEDS?
SPEEDS is an initiative introduced by by Bursa Malaysia Depository Sdn Bhd to enhance the efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter timeline for selected corporate exercises namely:
- Sub-division/Shares Split
- Shares Consolidation
- Bonus Issues
- Capital Restructuring
- Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)
- Adjustment Warrants
The above corporate exercise must be on a stand-alone basis or inter-conditional between the above corporate exercises.
Under SPEEDS, the listed issuer, shareholders and investors will enjoy the following benefits:
- Provides greater efficiency with the capability to shorten the corporate exercise timelines and to have the listing date based on Book Closing Date (BCD) + 1.
- Provides greater efficiency with the capability to shorten the rights issue timelines and to enable the trading of Rights based on Book Closing Date (BCD) + 1.
- Provides certainty to the market whereby shareholders or investors know for certain the listing of the securities on the Stock Exchange.
- Reduces risks associated with the suspension of shares that are undergoing corporate exercises.
- Encompasses best market practices that bring us on par with other jurisdictions.
Rights Issue Timeline under SPEEDS