MQTECH
Share Consolidation
| MQ TECHNOLOGY BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") ("MQ TECH SHARE(S)" OR "SHARE(S)") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") |
| Ex-Date | 23 Sep 2024 |
| Entitlement date | 24 Sep 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 28 Feb 2025 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 24 Sep 2024 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
|
| Entitlement indicator | Ratio |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| MQ TECHNOLOGY BERHAD | 1.0000 : 10.0000 | 25 Sep 2024 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
(Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as those defined in the circular to shareholders of MQ Tech dated 16 August 2024 in relation to amongst others, the Share Consolidation). The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation. The fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Securities on 25 September 2024, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities. The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held. This announcement is dated 9 September 2024. |
Announcement Info
| Company Name | MQ TECHNOLOGY BERHAD |
| Stock Name | MQTECH |
| Date Announced | 09 Sep 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-06092024-00003 |
| Corporate Action ID | MY240906SPLR0001 |