Special Dividend
BackOct 21, 1999
| EX-date | 12/11/1999 |
| Entitlement date | 18/11/1999 |
| Entitlement time | 05:00:00 PM |
| Entitlement subject | Special Dividend |
| Entitlement description: | Special net cash dividend of approximately 28.16% per Tan Chong Motor Holdings Berhad ("TCMH" or "Company") ordinary share of RM0.50 each to entitled shareholders of TCMH pursuant to the reorganisation of the Autoparts and Non-Motor Divisions of TCMH under APM Automotive Holdings Berhad ("APM") and Warisan TC Holdings Berhad ("WTCH") respectively and the demerger and subsequent listing of APM and WTCH on the Main Board of the Kuala Lumpur Stock Exchange ("Cash Dividend") |
| Period of interest payment | to |
| For year ending/Period ending/ended | |
| Share transfer book & register of members will be closed from (both dates inclusive) for the purpose of determining the entitlements |
19/11/1999 to 19/11/1999 |
| Registrar's name ,address, telephone no: | M&C Services Sdn. Bhd., 11th Floor, Wisma Damansara, Jalan Semantan, 50490 Kuala Lumpur, 03-2557188 |
| Payment date | |
| a) Securities transferred into the Depositor's Securities Account before 12:30 pm in respect of ordinary transfers | 18/11/1999 |
| b) Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 16/11/1999 |
| c) Securities bought on KLSE on a cum entitlement basis according to the Rules of the KLSE | |
| Number of new shares/securities issued (units) (If applicable) | |
| Entitlement indicator | Percentage |
| Entitlement in percentage (%) | 28.16 |
| Remarks : |
| A shareholder entitled to the Cash Dividend will receive on a pro rata basis, for every 1,000 ordinary shares of RM0.50 each held in the Company as at the entitlement date, cash of RM140.80. The Cash Dividend is subject to receipt by the Company from the Controlling Shareholders (as defined in the resolutions of the shareholders of the Company passed at an extraordinary general meeting of the Company held on 14 October 1999) of the payment from the disposal of the rights to allotment ("RTA") of 40,320,000 ordinary shares of RM1.00 each in APM and 13,440,000 ordinary shares of RM1.00 each in WTCH. Subject to the above, the Cash Dividend will be distributed within one (1) month from the Books Closure Date. The timing of the distribution of the balance of the proceeds of disposal, on a pro rata basis, of up to an amount of RM211.20 for every 1,000 ordinary shares of RM0.50 each in the Company is dependent on the timing of the receipt by the Company of the payment from the disposal of 60,480,000 ordinary shares of RM1.00 each in APM or the RTA thereof and 20,160,000 ordinary shares of RM1.00 each in WTCH or the RTA thereof to Bumiputera investors approved by the Ministry of International Trade and Industry. The Notice(s) of Books Closure to determine shareholders' entitlements to the amount of up to RM211.20 will be announced and advertised by the Company at later date(s). Shareholders are also reminded that pursuant to the Securities Industry (Central Depositories) Act, 1998, all shares not deposited with Malaysian Central Depository Sdn. Bhd. by 12:30 p.m. on 1 December 1998 and not exempted from mandatory deposit should have been transfered to the Ministry of Finance ("MoF"). As such, the entitlement to the Cash Dividend will accure to and all accompanying documents thereof will be forwarded to the MoF. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | T CHONG |
| Date Announced | 21 Oct 1999 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | MM-991009-42415 |