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SPEEDS

SPEEDS is an initiative introduced by Bursa Malaysia Depository to enhance the efficiency of some corporate exercises.

SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 17/7/2018 )

Counter Type (Ratio) Announcement of
Books Closing Date (BCD)
Ex-Date BCD Listing
Choo Bee Metal Industries Bhd Bonus Issue
(1:5)
16/07/2018 26/07/2018 30/07/2018 31/07/2018
Vivocom Intl Holdings Berhad Rights Issue
(2:3)
16/07/2018 26/07/2018 30/07/2018 31/07/2018
Trading of Rights
Gopeng Berhad Bonus Issue
(1:2)
17/07/2018 30/07/2018 01/08/2018 02/08/2018
Sinmah Capital Berhad Rights Issue
(5:2)
25/07/2018 06/08/2018 08/08/2018 09/08/2018
Trading of Rights
Malaysia Smelting Corporation Berhad Subdivision of shares
(2:1)
25/07/2018 13/08/2018 15/08/2018 16/08/2018
Malaysia Smelting Corporation Berhad Bonus Issue
(1:1)
25/07/2018 13/08/2018 15/08/2018 16/08/2018
Far East Holdings Berhad Bonus Issue
(2:5)
23/08/2018 14/08/2018 16/08/2018 17/08/2018
Far East Holdings Berhad Subdivision of shares
(3:1)
23/07/2018 14/08/2018 16/08/2018 17/08/2018

* Investors are advised to check the announcements made by the Issuer in relation to the above SPEEDS corporate exercise.


What is SPEEDS?

SPEEDS is an initiative introduced by by Bursa Malaysia Depository Sdn Bhd to enhance the efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter timeline for selected corporate exercises namely:

  1. Sub-division/Shares SplitShares Consolidation
  2. Bonus Issues
  3. Capital Restructuring
  4. Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)

The above corporate exercise must be on a stand-alone basis or inter-conditional between the above corporate exercises.

Under SPEEDS, the listed issuer, shareholders and investors will enjoy the following benefits:

  1. Provides greater efficiency with the capability to shorten the corporate exercise timelines and to have the listing date based on Book Closing Date (BCD) + 1.
  2. Provides greater efficiency with the capability to shorten the rights issue timelines and to enable the trading of Rights based on Book Closing Date (BCD) + 1.
  3. Provides certainty to the market whereby shareholders or investors know for certain the listing of the securities on the Stock Exchange
  4. Reduces risks associated with the suspension of shares that are undergoing corporate exercises.
  5. Encompasses best market practices that bring us on par with other jurisdictions.

SPEEDS Activity Timeline
52.8 KB (PDF)

Rights Issue Timeline under SPEEDS
33.5 KB (PDF)