Tuesday, January 19, 2010

HAI-O Bonus & Share Split



(1) Proposed bonus issue of up to 16,891,469 new ordinary shares of RM1.00 on the basis one bonus share for every five existing shares held.


(2) Proposed share split involving the subdivision of each Hai-O share held in the Company into two ordinary shares of RM0.50 each in Hai-O. The proposed share split will be implemented concurrently with the proposed bonus issue.


Comment:

When will HAI-O announce actual entitlement date??? I have no idea BUT estimate will announce before Chinese New Year!

WHY say so???

If refer to existing counter like KPJ (Share split + Bonus + free warrant), MAGNA (Share split), QL (Bonus), OSK (Bonus)etc, once the entitlement date is around the corner, all the counter keep rebound, become higher high. So i m expected HAI-O will announce entitlement date very SOON!!!

Do take note that this round HAI-O is offer quite attractive share split + bonus, so now is the right time to accumulate.

LATEST NEWS: 

Interim Dividend for FYE 30 April 2010

The Board of Directors had proposed an Interim Dividend of 10% per ordinary share less tax in respect of the financial year ending 30 April 2010. 

The entitlement & payment date will be advise later.

http://en.hai-o.com.my/new/investor_relations.html

Remark:

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!



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