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SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN THE COMPANY ("FOCUS SHARE" OR "SHARE") INTO 3 SHARES ("PROPOSED SHARE SPLIT")

FOCUS DYNAMICS GROUP BERHAD

Type Announcement
Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)
Description
PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN THE COMPANY ("FOCUS SHARE" OR "SHARE") INTO 3 SHARES ("PROPOSED SHARE SPLIT")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 4 January 2021 in relation to the Proposed Share Split, where applicable, unless stated otherwise or defined herein.)

 

We refer to the earlier announcement in relation to the Proposed Share Split dated 4 January 2021.

 

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2021, rejected the Proposed Share Split, in view that the price of Focus Shares as at 29 July 2021 is RM0.045 and the Proposed Share Split, if approved and implemented, would result in an adjusted price of RM0.015 post Proposed Share Split.

 

This announcement is dated 5 August 2021.






Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 05 Aug 2021
Category General Announcement for PLC
Reference Number GA1-05082021-00105




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