On behalf of the Board of Directors of ELK-Desa, MIDF Amanah Investment Bank Berhad wishes to announce that the Company proposes to undertake an issuance of 151,603,559 new ordinary shares in ELK-Desa (“Bonus Shares") on the basis of 1 Bonus Share for every 2 existing ELK-Desa Shares held on the entitlement date to be determined and announced at a later date.
Further details of the Proposed Bonus Issue are set out in the attachment below.
This announcement is dated 16 November 2022.