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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KUCHAI DEVELOPMENT BERHAD ("KDB" OR THE "COMPANY") PROPOSED DISTRIBUTION OF 17,584,030 ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN"), REPRESENTING ALL OF THE 26.51% EQUITY INTEREST HELD BY KDB IN SG BAGAN, TO THE ENTITLED SHAREHOLDERS OF KDB BY WAY OF DIVIDEND-IN-SPECIE

KUCHAI DEVELOPMENT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KUCHAI DEVELOPMENT BERHAD ("KDB" OR THE "COMPANY")

PROPOSED DISTRIBUTION OF 17,584,030 ORDINARY SHARES IN SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN"), REPRESENTING ALL OF THE 26.51% EQUITY INTEREST HELD BY KDB IN SG BAGAN, TO THE ENTITLED SHAREHOLDERS OF KDB BY WAY OF DIVIDEND-IN-SPECIE

On behalf of the Board of Directors of KDB, RHB Investment Bank Berhad wishes to announce that the Company proposes to distribute 17,584,030 ordinary shares in Sg Bagan, representing all of the 26.51% equity interest held by KDB in Sg Bagan, to the entitled shareholders of KDB by way of dividend-in-specie (“Proposed Dividend-In-Specie”).

 

Further details of the Proposed Dividend-In-Specie are set out in the attachment below.

 

 

This Announcement is dated 22 April 2022.




Please refer attachment below.



Announcement Info

Company Name KUCHAI DEVELOPMENT BERHAD
Stock Name KUCHAI
Date Announced 22 Apr 2022
Category General Announcement for PLC
Reference Number GA1-21042022-00051




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