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Proposed subdivision of shares to enhance liquidity and attractiveness of shares
 
Kuala Lumpur, 23 March 2004

YTL POWER INTERNATIONAL BERHAD
YTL CEMENT BERHAD
YTL LAND & DEVELOPMENT BERHAD
YTL E-SOLUTIONS BERHAD

YTL Power International Berhad (“YTL Power”), YTL Cement Berhad (“YTL Cement”), YTL Land & Development Berhad (“YTL Land”) and YTL e-Solutions Berhad (“YTL e-Solutions”) today announced proposals for the sub-division their existing issued and paid up capital:-

YTL POWER
Subdivision of each existing share of RM1.00 each into 2 shares of RM0.50 each

YTL CEMENT
Subdivision of each existing share of RM1.00 each into 2 shares of RM0.50 each

YTL LAND
Subdivision of each existing share of RM1.00 each into 2 shares of RM0.50 each

YTL E-SOLUTIONS
Subdivision of each existing share of RM1.00 each into 10 shares of RM0.10 each

(collectively, the “Proposed Subdivisions”)

As the Proposed Subdivisions will reduce the existing par value per share of the respective companies, this is expected to enhance the affordability and attractiveness of the shares to both existing and potential investors.

The Proposed Subdivisions are intended to increase the liquidity and marketability of the companies’ shares, which will encourage a wider shareholder base.

In addition, the Proposed Subdivisions will benefit existing shareholders by affording them with greater participation in the equity of the company in terms of the number of shares held.

The subdivided shares, pursuant to the Proposed Subdivisions, shall upon allotment and issue, rank pari passu in all respects with each other.

MEDIA REPORTS:

Shares in YTL firms surge
Share prices of the YTL group of companies spiked following the announcement of a proposed share split which would make these shares more affordable. Analysts said the share split plans would not change the fundamentals of the companies. However, the exercise would make their shares more affordable, particularly to retail investors. 

Business Times Malaysia: YTL group plans to split shares
The YTL group is planning to undertake a share split exercise for the companies under its stable. YTL Power International Bhd, YTL Land & Development Bhd and YTL Cement Bhd - all being RM1 each – will be split into two 50 sen shares. Shares for MESDAQ listed YTL e-Solutions Bhd, meanwhile, will be split into 10 shares each, valued at 10 sen per share. 

TheEdgeDaily.com: 4 YTL firms plan share splits
Four YTL group companies yesterday proposed to split their shares to make them more affordable for investors as well as to increase their marketability and liquidity. 

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