General Announcement

04/10/1999

YTL CORPORATION BERHAD (YTL Corp or the Company) Proposed Bonus Issue of up to 323,521,479 new ordinary shares of RM0.50 each on the basis of one (1) new ordinary share for every five (5) existing ordinary shares held in YTL Corp on a date to be determined (Proposed Bonus Issue)

YTL CORPORATION BERHAD

TypeAnnouncement
SubjectYTL CORPORATION BERHAD (YTL Corp or the Company)
Proposed Bonus Issue of up to 323,521,479 new ordinary shares of RM0.50 each on the basis of one (1) new ordinary share for every five (5) existing ordinary shares held in YTL Corp on a date to be determined (Proposed Bonus Issue)

Contents :

Further to the announcements dated 18 November 1998 and 1 September 1999, the Board of Directors of YTL Corp is pleased to announce that the Proposed Bonus Issue has received the approvals of the following :-


(i) Minister of Finance vide its letter dated 25 August 1999 granting exemption under Section 365 (1D) of the Companies Act, 1965 (as amended); and

(ii) Securities Commission vide its letter dated 27 September 1999.

The Proposed Bonus Issue remains pending approvals being obtained from the following:-

(i) the shareholders of the Company at an Extraordinary General Meeting to be convened; and

(ii) the Kuala Lumpur Stock Exchange, for the listing of and quotation for the new ordinary shares to be issued pursuant to the Proposed Bonus Issue.

This announcement is dated 4 October 1999.


    Announcement Info

    Company NameYTL CORPORATION BERHAD  
    Stock Name YTL
    Date Announced4 Oct 1999  
    CategoryGeneral Announcement
    Reference NoMM-991004-60651

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