Further to my earlier article,The Star (30/1/07) reported:“Shares in Bonia Corp Bhd surged to a new high yesterday after the company announced plans to issue free shares,split the stock and seek a transfer to the main board. The stock climbed 40 sen,or 18.2%,to RM2.60,off an intra-day high of RM2.65. A [...]
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Bonia Corporation Bhd has proposed a transfer to the Main Board by undertaking the following: a one-for-two bonus issue of up to 33.67 million new RM1 shares and a subsequent share split of one share into two 50 sen shares. As at Jan 24,Bonia had a paid-up capital of RM47.99 million shares comprising 47.99 [...] In a recent case on Corporate Restructuring,Ekran a PN 17 company seemed to get the wrong side of the law when it has submitted its regularization plan to the Bursa Malaysia Securities Bhd and was told that it “fail” to submit the regularization plan to Securities Commission (SC) which might result in Bursa Malaysia [...] A recent capital re-organization/restructuring by PN17 company –FCW Holdings Bhd which involves firstly a capital reduction with subsequent consolidation and then a further right issue. Details as follows: On Jan 12,FCW announced that it would cancel 40 sen of the par value of each of its 50 sen shares and consolidate every [...] Reported in The Edge Malaysia (5/10/06) that “The Ayer Molek Rubber Company Bhd (AMolek) has aborted its proposed rights and bonus issue.” The reason cited is that it is not able to comply with the revised listing requirements on bonus issue that came effect on May 29. The new rule is that: “an issuer of [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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