PROPOSED CAPITAL REPAYMENT TO THE SHAREHOLDERS OF JTI VIA A CASH DISTRIBUTION
ON THE BASIS OF RM0.75 CASH FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00
EACH HELD IN JTI AT A DATE TO BE DETERMINED LATER ("PROPOSED CAPITAL
REPAYMENT")
The Board of Directors of JTI wishes to announce that the Company is proposing
to undertake a capital repayment of RM 0.75 for every one (1) JTI Share to be
satisfied wholly in cash to its shareholders. The Proposed Capital Repayment
will be carried out via a reduction of the share capital of JTI pursuant to
Section 64 of the Companies Act, 1965 (“Act”).
Another cash cow, no ?
Jul 24 2008, 03:29 PM
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