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KLSE:KSL

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Asia

KSL Holdings Substantial Shareholders Gain Regulatory Exemption For Mandatory Offer

The Securities Commission Malaysia has approved an application by a group of KSL Holdings (KLSE:KSL) substantial shareholders who had sought an exemption from undertaking a mandatory general offer for the company's remaining voting shares.The exemption relates to the transfer of individual shareholdings held by members of families in three holding companies, Premiere Sector, Noble Heritage and Gorgeous Horizon, to Success Lineage, according to a Monday Bursa Malaysia filing.Following the transfer, Success Lineage will have a deemed interest in the property developer held by the three companies.

KLSE:KSL
Asia

KSL Prices Shares Under Dividend Reinvestment Plan

KSL (KLSE:KSL) fixed the issue price for new shares under its dividend reinvestment plan at 2.52 ringgit per share, according to a Monday Malaysian bourse filing.The plan applies to the company's 0.10 ringgit final dividend, with the book closure date set for Aug. 7.The issue price was based on the five-day volume-weighted average price of 2.8975 ringgit, less the dividend and a discount of about 9.92%.The new shares issued under the plan are expected to be listed on Bursa Malaysia's Main Market on Sept. 7, subject to no unforeseen circumstances.

KLSE:KSL
Asia

Malaysian Bourse OKs Listing of Up to 42.3 Million KSL Shares Under Dividend Reinvestment Plan

KSL (KLSE:KSL) said Bursa Malaysia Securities has approved the listing and quotation of up to 42.3 million new shares to be issued under the company's dividend reinvestment plan (DRP), according to a Wednesday Malaysian bourse filing.The approval, however, is subject to conditions including compliance with Bursa's listing requirements, notification upon completion of the DRP, confirmation of compliance with the approval terms, and payment of any additional listing fees.

KLSE:KSL

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