SPEEDS

Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 18/7/2019)

Counter Type (Ratio) Announcement of
Books Closing Date (BCD)
Ex-Date BCD Listing
Dayang Enterprise Holdings Berhad Rights Issue
(1:10)
7/11/2019 20/11/2019 21/11/2019 29/11/2019
(Trading of Rights)
Bina Puri Holdings Berhad Rights Issue
(1:1)
12/11/2019 27/11/2019 28/11/2019 29/11/2019
(Trading of Rights)
Serba Dinamik Holdings Berhad Subdivision of shares
(2:3)
19/11/2019 02/12/2019 03/12/2019 04/12/2019
Serba Dinamik Holdings Berhad Bonus Issue
(2:5)
19/11/2019 02/12/2019 03/12/2019 04/12/2019
MI Technovation Berhad Bonus Issue
(1:2)
20/11/2019 04/12/2019 05/12/2019 06/12/2019

* 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

Rights Issue Timeline under SPEEDS


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