News

On behalf of the Board of Directors of KAB (“Board”), Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-

(i)         proposed share split involving the subdivision of every 10 existing ordinary shares in KAB (“KAB Shares” or “Shares”) held on 5.00 p.m. on a date to be determined and announced later by the Board on which the names of registered holders of KAB Shares (“Shareholders”) must appear in the record of securities holders established by Bursa Malaysia Depository Sdn Bhd (“Record of Depositors”) of the Company in order to be entitled to participate in the proposed share split into 18 Shares (“Proposed Share Split”); and

(ii)        proposed bonus issue of up to 881,927,638 free warrants in KAB (“Warrants”) on the basis of 1 Warrant for every 2 Shares held on 5.00 p.m. on a date to be determined and announced later by the Board on which the names of Shareholders must appear in the Record of Depositors of the Company in order to be entitled to the Warrants (“Proposed Bonus Issue of Warrants”).

Please refer to the attachment for further details on the Proposals.

This announcement is dated 10 February 2021.