News

Proposed Bonus Issue On The Basis of One (1) New Ordinary Share Of RM0.50 Each In QL ("QL Shares") For Every Five (5) Existing QL Shares ("Proposed Bonus Issue")

Back09 Nov 2009
Date Announced
:
09/11/2009  



Type
:
Announcement
Subject
:
QL RESOURCES BERHAD (“QL” OR “COMPANY”)

PROPOSED BONUS ISSUE ON THE BASIS OF ONE (1) NEW ORDINARY SHARE OF RM0.50 EACH IN QL (“QL SHARES”) FOR EVERY FIVE (5) EXISTING QL SHARES (“PROPOSED BONUS ISSUE”)

Contents
:
We refer to the announcement dated 24 August 2009 in relation to the Proposed Bonus Issue.

On behalf of QL, CIMB Investment Bank Berhad (“CIMB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has via its letter dated 9 November 2009 approved the listing and quotation of up to 66,000,000 new QL Shares to be issued pursuant to the Proposed Bonus Issue subject to the following conditions:

1. QL and CIMB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) & (b) and 6.35(4) of the Listing Requirements;

2. QL and CIMB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;

3. QL and CIMB to inform Bursa Securities upon the completion of the Proposed Bonus Issue; and

4. QL to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed.

This announcement is dated 9 November 2009.