News

QL Resources Berhad ("QL" Or "Company") Notice of Extraordinary General Meeting ("EGM") of QL for :- (a) proposed bonus Issue of up to 110,000,000 New Ordinary shares of RM0.50 Each ("Shares") In QL Resources Berhad ("QL") ("Bonus Shares"), to be Credited As Fully Paid-up, On the Basis of One (1) bonus share For Every Two (2) Existing Shares Held At An Entitlement Date to Be Determined Later ("Proposed Bonus Issue"); and (b) Proposed share Buy-back Scheme of QL of Up To 10% Of Its Own Issued And Paid-up share Capital ("Proposed Share Buy-back"). (collectively The "Proposals")

Back06 May 2008
Date Announced
:
 06/05/2008  
     
Type
:
 Announcement
Subject
:
QL RESOURCES BERHAD (“QL” OR “COMPANY”)

NOTICE OF EXTRAORDINARY GENERAL MEETING (“EGM”) OF QL FOR :-

(a) PROPOSED BONUS ISSUE OF UP TO 110,000,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN QL RESOURCES BERHAD (“QL”) (“BONUS SHARES”), TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”); AND

(b) PROPOSED SHARE BUY-BACK SCHEME OF QL OF UP TO 10% OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL (“PROPOSED SHARE BUY-BACK”).

(COLLECTIVELY THE “PROPOSALS”)

Contents
:
On behalf of the Board of Directors of QL, AmInvestment Bank Berhad (a member of AmInvestment Group), is pleased to announce that the Company will be holding its EGM at Ivory 12, Level 4, Holiday Villa Subang, No.9, Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan on Thursday, 22nd May 2008 at 9.30 a.m. to consider and if thought fit, to pass the resolutions pertaining to the Proposals.

The full text of the Notice of EGM to be advertised in the New Straits Times tomorrow, 7 May 2008, is attached herewith for your attention.

This announcement is dated 6 May 2008.