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QUOTE
Further to the announcements made on 18 November 1998 and 1 September 1999, the Board of Directors of YTL Corporation is pleased to announce that the Shareholders of the Company have approved the Proposed Bonus Issue at the Extraordinary General Meeting which was convened on 2 November 1999.
The Proposed Bonus Issue remains subject to approval being obtained from the Kuala Lumpur Stock Exchange for the listing of and quotation for up to 323,518,679 new shares to be issued pursuant to the Proposed Bonus Issue.
This announcement is dated 2 November 1999.
UNQUOTE
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