September 8, 2009

SRII shares to be suspended on Friday

Tags: Eastern Perfection Sdn Bhd | EPSB | repayment exercise | selective capital reduction | SRII Bhd | Suspended

Written by The Edge Financial Daily
Tuesday, 08 September 2009 00:01

KUALA LUMPUR: Trading of SRII BHD []’s shares will be suspended from Sept 11 to facilitate its selective capital reduction and repayment exercise.

In April, SRII proposed the exercise by way of cancellation of all ordinary shares of RM1 each in SRII held by the shareholders of SRII other than the non-entitled shareholders of the company, including its major shareholder Eastern Perfection Sdn Bhd (EPSB).

As at April 17, 2009, the non-entitled shareholders collectively hold 45.71 million SRII shares representing about 56.79% of the paid-up capital of SRII of 80.49 million shares (excluding 71,100 treasury shares).

Based on the existing paid-up share capital, the number of SRII shares to be cancelled pursuant to the proposed exercise amount to 34.78 million shares representing RM34.78 million of the paid-up capital of the company.

Under the exercise, SRII’s entitled shareholders would receive a capital repayment of RM1 cash for each SRII share held. EPSB would fully fund the aggregate proposed cash amount payable of about RM34.8 million to the entitled shareholders pursuant to the exercise.

Fund Price

About Me

My photo
Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

music


MusicPlaylistRingtones
Create a playlist at MixPod.com

Followers