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 [Stock Discussion ] Kuchai Development Berhad, What happened?

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TSvic7or
post Dec 14 2006, 12:04 PM, updated 20y ago

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Source: The Star [Kuchai Development Berhad]

HIGH 57.500 (06-Dec-06)
LOW 1.480 (13-Dec-06)

Why is the change so drastic? Anyone knows what happened? I can't seem to find any news about it.
TSvic7or
post Dec 14 2006, 12:51 PM

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I just found this link

QUOTE
Bonus issue of 118,079,505 new ordinary shares of par value RM0.50 each ("Kuchai Shares") in Kuchai Development Berhad ("KUCHAI") to be credited as fully paid-up ("Bonus Shares") to the shareholders of KUCHAI on the basis of forty five (45) Bonus Shares for each existing KUCHAI Share held.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
as from : [ 13 December 2006 ]

2) The last date of lodgement : [ 15 December 2006 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 45/46 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 97.83% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 45/46 ] of the Transacted Price is applicable.
Yes, seems like a split.

1:45

So it is actually earning. Went up to 2.48, which is about 30% gain in one day.

This post has been edited by vic7or: Dec 14 2006, 12:55 PM

 

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