Listed below are Issuers that have announced their books closing date for SPEEDS corporate exercise (as at 03/4/2020)
Currently there are no SPEEDS corporate exercises.
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:
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:
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.
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.
Provides certainty to the market whereby shareholders or investors know for certain the listing of the securities on the Stock Exchange.
Reduces risks associated with the suspension of shares that are undergoing corporate exercises.
Encompasses best market practices that bring us on par with other jurisdictions.