Hello,
Did anyone buy this?

Type : Announcement
Subject : JT INTERNATIONAL BERHAD (“JTI” or “Company”)

CAPITAL REPAYMENT AND AMENDMENTS TO THE MEMORANDUM & ARTICLES OF ASSOCIATION



Contents : We refer to the announcement dated 2 March 2009 in relation to the capital repayment to the shareholders of JTI involving a cash distribution on the basis of RM0.75 for every one (1) existing ordinary share of RM1.00 each held in JTI via a reduction of share capital pursuant to Section 64 of the Companies Act, 1965 ("Capital Repayment").

On behalf of the Board of Directors of JTI, MIMB Investment Bank Berhad is pleased to announce that the order of the High Court of Malaya confirming the Capital Repayment will be lodged with the Companies Commission of Malaysia on 20 March 2009. Accordingly, the reduction of the par value of the ordinary shares of JTI from RM1.00 per share to RM0.25 per share pursuant to the Capital Repayment will take effect on 20 March 2009. Shareholders of the Company should note that the Capital Repayment does not affect the number of the ordinary shares held by all shareholders of the Company.

Barring any unforeseen circumstances, the cheque payments for the Capital Repayment are expected to be despatched to the entitled shareholders on 30 March 2009.

This announcement is dated 19 March 2009.


75 sen for every share RM4.20 = 17.8% ?
I'm new to share trading so i might be mistaken.

Any explaination would be nice. Thx!

This post has been edited by Killy: Mar 22 2009, 10:40 PM