SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 12/10/2020)            

 Counter

Type (Ratio)

Announcement of Books Closing Date (BCD)

Ex- Date

BCD

Listing

Kossan Rubber Industries Bhd

Bonus Issue (1:1)

25/09/2020

9/10/2020

12/10/2020

13/10/2020

Opensys (M) Berhad

Bonus Issue (1:2)

28/09/2020

12/10/2020

13/10/2020

14/10/2020

Perusahaan Sadur Timah Malaysia (Perstima) Bhd

Rights Issue (1:5)

29/09/2020

13/10/2020

14/10/2020

15/10/2020 (Trading of Rights)

QL Resources Berhad

Bonus Issue (1:2)

29/09/2020

14/10/2020

15/10/2020

16/10/2020

Uni Wall Aps Holdings Berhad

Bonus Issue (1:1)

2/10/2020

14/10/2020

15/10/2020

16/10/2020

Thong Guan Industries Berhad

Bonus Issue (1:1)

2/10/2020

16/10/2020

19/10/2020

20/10/2020

Rubberex Corporation (M) Berhad

Bonus Issue (2:1)

5/10/2020

19/10/2020

20/20/2020

21/10/2020

Key Alliance Group Berhad

Rights Issue (1:1)

7/10/2020

20/10/2020

21/10/2020

22/10/2020 (Trading of Rights)

Focus Dynamics Group Berhad

Subdivision of share (3:1)

9/10/2020

23/10/2020

26/10/2020

27/10/2020

* 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 Split
  2. Shares Consolidation
  3. Bonus Issues
  4. Capital Restructuring
  5. Processing of Provisional Letter of Allotment / Provisional Letter of Offer (Provisional Allotment of Rights)
  6. Adjustment Warrants

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

Rights Issue Timeline under SPEEDS