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SPEEDS

SPEEDS is an initiative introduced by Bursa Malaysia Depository to enhance the efficiency of some corporate exercises.

SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 2 August 2017)

Counter Type (Ratio) Announcement of
Books Closing Date (BCD)
Ex-Date BCD Listing
EG Industries Berhad-PR Rights Issue
(1:4)
30/08/2017 18/09/2017 20/09/2017 21/09/2017
(Trading of Rights)
Matrix Concepts Holdings Berhad Bonus Issue
(1:4)
30/08/2017 19/09/2017 21/09/2017 25/09/2017
Matrix Concepts Holdings Berhad Adjustment of Warrants
(1:4)
13/09/2017 19/09/2017 21/09/2017 25/09/2017
UMW Oil & Gas Corporation Berhad Rights Issue
(14:5)
08/09/2017 20/09/2017 25/09/2017 26/09/2017
(Trading of Rights)
KPJ Healthcare Berhad Subdivision of Shares
(4:1)
11/09/2017 21/09/2017 26/09/2017 27/09/2017
KPJ Healthcare Berhad-WB Adjustment of Warrants
(3:1)
11/09/2017 21/09/2017 26/09/2017 27/09/2017
Malaysia Steel Works (KL) Bhd Bonus Issue
(1:5)
13/09/2017 26/09/2017 28/09/2017 29/09/2017
EA Holdings Berhad Rights Issue
(4:3)
15/09/2017 28/09/2017 02/10/2017 03/10/2017
(Trading of Rights)
MTouche Technology Berhad Rights Issue
(3:1)
08/09/2017 29/09/2017 03/10/2017 04/10/2017
(Trading of Rights)
Malaysian Resources Corporation Berhad Rights Issue
(1:1)
19/09/2017 02/10/2017 04/10/2017 05/10/2017
(Trading of Rights)

* Investors are advised to check the announcements made by the Issuer in relation to the above SPEEDS corporate exercise.


What is SPEEDS?

SPEEDS is an initiative introduced by by Bursa Malaysia Depository Sdn Bhd to enhance the efficiency of some corporate exercises. SPEEDS initiative will enable the Issuer to have a shorter timeline for selected corporate exercises namely:

  1. Sub-division/Shares SplitShares Consolidation
  2. Bonus Issues
  3. Capital Restructuring
  4. Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)

The above corporate exercise must be on a stand-alone basis or inter-conditional between the above corporate exercises.

Under SPEEDS, the listed issuer, shareholders and investors will enjoy the following benefits:

  1. Provides greater efficiency with the capability to shorten the corporate exercise timelines and to have the listing date based on Book Closing Date (BCD) + 1.
  2. Provides greater efficiency with the capability to shorten the rights issue timelines and to enable the trading of Rights based on Book Closing Date (BCD) + 1.
  3. Provides certainty to the market whereby shareholders or investors know for certain the listing of the securities on the Stock Exchange
  4. Reduces risks associated with the suspension of shares that are undergoing corporate exercises.
  5. Encompasses best market practices that bring us on par with other jurisdictions.

SPEEDS Activity Timeline
52.8 KB (PDF)

Rights Issue Timeline under SPEEDS
33.5 KB (PDF)