General Announcement

08/02/2000

ANNOUNCEMENT TO THE KUALA LUMPUR STOCK EXCHANGE BY MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD ON BEHALF OF K&N KENANGA HOLDINGS BERHAD IN RELATION TO THE PROPOSED BONUS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN K&N KENANGA HOLDINGS BERHAD ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY TWO (2) EXISTING SHARES HELD

K & N KENANGA HOLDINGS BERHAD

TypeAnnouncement
SubjectANNOUNCEMENT TO THE KUALA LUMPUR STOCK EXCHANGE BY MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD ON BEHALF OF K&N KENANGA HOLDINGS BERHAD IN RELATION TO THE PROPOSED BONUS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN K&N KENANGA HOLDINGS BERHAD ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY TWO (2) EXISTING SHARES HELD

Contents :

1. Further to the announcement dated 9 September 1999, on behalf of the Board of Directors of K&N Kenanga Holdings Berhad (K&N), Malaysian International Merchant Bankers Berhad is pleased to announce that the Securities Commission has granted its approval for the proposed bonus issue of up to 165,000,000 new ordinary shares of RM1.00 each (shares) to be credited as fully paid-up on the basis of one (1) new share for every two (2) existing shares held (Proposed Bonus Issue).


2. The Proposed Bonus Issue is now subject to, inter-alia, approvals of the following:-

(a) the shareholders of K&N at an extraordinary general meeting (EGM) to be convened; and

(b) the Kuala Lumpur Stock Exchange, for the additional listing of and quotation for up to 165,000,000 new shares in K&N to be issued pursuant to the Proposed Bonus Issue.

3. A circular setting out details of the Proposed Bonus Issue together with the notice to convene the EGM will be despatched to the shareholders of K&N in due course.


For and on behalf of
K&N KENANGA HOLDINGS BERHAD

MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD
8 February 2000

c.c. Securities Commission
Issues and Investment Division
(Attn.: Puan Nyonya Yahya, Senior Manager)


Announcement Info

Company NameK & N KENANGA HOLDINGS BERHAD  
Stock Name KENANGA
Date Announced8 Feb 2000  
CategoryGeneral Announcement
Reference NoMM-000204-38407

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