OTHERS: NV MULTI CORPORATION BERHAD (“NV Multi”) Capital repayment by way of cash distribution on the basis of RM0.297 for each ordinary share of RM0.25 each in NV Multi (“NV Multi Shares”) through the implementation of the following: (I) Bonus issue of 76,740,200 new NV Multi Shares (“Bonus Shares”), to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing NV Multi Shares held (“Bonus Issue”); (II) Consolidation of every four (4) NV Multi Shares (including the Bonus Shares) into one (1) ordinary share of RM1.00 each in NV Multi (“Consolidated Share”) ("Consolidation"); and (III) Reduction of the share capital of NV Multi (after the Bonus Issue and Consolidation) pursuant to Section 64 of the Companies Act, 1965 involving the cancellation of RM0.99 of the par value of RM1.00 for each Consolidated Share (“Capital Reduction”) (collectively referred to as the “Capital Repayment”)

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionNV MULTI CORPORATION BERHAD (“NV Multi”)
Capital repayment by way of cash distribution on the basis of RM0.297 for each ordinary share of RM0.25 each in NV Multi (“NV Multi Shares”) through the implementation of the following:
(I) Bonus issue of 76,740,200 new NV Multi Shares (“Bonus Shares”), to be credited as fully paid-up on the basis of one (1) Bonus Share for every five (5) existing NV Multi Shares held (“Bonus Issue”);
(II) Consolidation of every four (4) NV Multi Shares (including the Bonus Shares) into one (1) ordinary share of RM1.00 each in NV Multi (“Consolidated Share”) ("Consolidation"); and
(III) Reduction of the share capital of NV Multi (after the Bonus Issue and Consolidation) pursuant to Section 64 of the Companies Act, 1965 involving the cancellation of RM0.99 of the par value of RM1.00 for each Consolidated Share (“Capital Reduction”)
(collectively referred to as the “Capital Repayment”)


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced11 Mar 2011  
CategoryGeneral Announcement
Reference NoOD-110311-54410