The Company proposes to implement a bonus issue of up to 110,000,000 Bonus Shares to its shareholders on the basis of one (1) Bonus Share for every two (2) existing Shares held, credited as fully paid-up, on the Entitlement Date. The actual number of Bonus Issue Shares to be issued will depend on the issued and paid-up share capital of the Company as at the Entitlement Date, after taking into consideration the issued and paid-up share capital of QL (as at 31 March 2008, the figure stood at RM110,000,000 comprising 220,000,000 Shares) as well as such Shares purchased by QL under the Proposed Share Buy-Back (if any).
The Entitlement Date will be determined at a later date upon the receipt of all relevant approvals for the Proposed Bonus Issue. The Proposed Bonus Issue is expected to be completed by the second quarter of calendar year 2008. For information purposes, the Proposed Bonus Issue is not intended to be implemented in stages over a period of time.
This announcement is dated 16 April 2008.
