DUFU - Notice of Bonus Entitlement

DUFU TECHNOLOGY CORP. BERHAD

Bonus Issue of up to 267,618,367 new ordinary shares in Dufu Technology Corp. Berhad ("Dufu") ("Dufu Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 1 existing Dufu Share held as at 5:00pm on 4 August 2020 ("Entitlement Date") ("Bonus Issue").
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 3 Aug 2020
2)    The last date of lodgment : 4 Aug 2020
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/2>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <50%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/2>, of the Transacted Price is applicable.

 

Remarks 1: 

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 4 August 2020  with bonus issue of DUFU shares, any shareholder who is entitled to receive DUFU bonus issue shares, may sell any or all of his DUFU shares arising from the bonus issue beginning the Ex-Date (3 August 2020).

 

For example, if Mr X purchases 100 DUFU shares on cum basis on 30 July 2020, Mr X should receive 100 shares on 4 August 2020. As a result of the bonus issue, a total of 200 DUFU shares will be credited into Mr X's CDS account on the night of 4 August 2020 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 3 August 2020 onwards."

 

Remarks 2: 

The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 August 2020, being the next market day after the Entitlement Date.

 

Dufu's share registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders whose names appear in the Record of Depositors of Dufu on the Entitlement Date within 4 market days after the date the Bonus Shares are listed and quoted on the Main Market of Bursa Securities.


Announcement Info

Company Name DUFU TECHNOLOGY CORP. BERHAD
Stock Name DUFU
Date Announced 03 Jul 2020
Category Listing Circular
Reference Number ILC-03072020-00002