Xidelang

News

Notice Of Bonus & Rights Entitlement

BackMar 19, 2012
Date Announced
:
19/03/2012



Subject
:
XDL - NOTICE OF BONUS & RIGHTS ENTITLEMENT

Contents
:
    1) BONUS ISSUE OF 241,998,950 NEW ORDINARY SHARES OF US$0.10 EACH IN XIDELANG HOLDINGS LTD (“XDL”) (“SHARES”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP AT PAR, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD IN XDL AT 5.00 P.M. ON 29 MARCH 2012.

    2) RENOUNCEABLE RIGHTS ISSUE OF 241,998,950 WARRANTS IN XIDELANG HOLDINGS LTD (“XDL”) (“WARRANTS”) AT AN ISSUE PRICE OF RM0.05 PER WARRANT ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF US$0.10 EACH HELD IN XDL AT 5.00 P.M. ON 29 MARCH 2012.


    Further to Listing Circular No. L/Q : 64107 Of 2012, kindly be advised of the following :

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - All" ]
    as from : [27 March 2012 (Remain Unchanged)]

    2) The last date of lodgement : [29 March 2012 (Remain Unchanged)]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/2 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 35% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/2 ] of the Transacted Price is applicable.

    Remarks : "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 30 March 2012 with bonus issue of XDL shares of US$0.10 each, any shareholder who is entitled to receive XDL bonus issue shares, may sell any or all of his XDL shares arising from the bonus issue beginning the Ex-Date ( 27 March 2012).

    For example, if Mr X purchases 200 XDL shares on cum basis on 26 March 2012, Mr X should receive 200 shares on 29 March 2012. As a result of the bonus issue, a total of 300 XDL shares will be credited into Mr X's CDS account on the night of 29 March 2012 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 27 March 2012 onwards."