News

QL Resources Berhad ("QL") Extraordinary General Meeting ("EGM") of ql in Relation to The:- proposed bonus Issue of up to 110,000,000 New Ordinary shares of RM0.50 Each ("Shares") In 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 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")

Back22 May 2008
Date Announced
:
 22/05/2008  
     
Type
:
 Announcement
Subject
:
QL RESOURCES BERHAD (“QL”)

EXTRAORDINARY GENERAL MEETING (“EGM”) OF QL IN RELATION TO THE:-

PROPOSED BONUS ISSUE OF UP TO 110,000,000 NEW ORDINARY SHARES OF RM0.50 EACH (“SHARES”) IN 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

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 QL, AmInvestment Bank Berhad, wishes to announce that the ordinary resolutions pertaining to the Proposals, which were tabled at the EGM of QL, held on 22 May 2008 were approved by the shareholders of QL.


This announcement is dated 22 May 2008.