Nooruladha’s Weblog


Litrak Court Sanction on Cash Distribution
July 22, 2008, 3:44 am
Filed under: Investment Story, Trading Activities

Just a note from Bursa! Woohoo, no wonder the price shoot up today! Just waiting for the closure date.

6645 LITRAK LINGKARAN TRANS KOTA HOLDINGS BHD
PROPOSALS
LINGKARAN TRANS KOTA HOLDINGS BERHAD (“LITRAK” OR THE “COMPANY”)

(I)	PROPOSED CASH DISTRIBUTION OF RM1.00 TO THE SHAREHOLDERS OF LITRAK BY WAY
OF CAPITAL REPAYMENT ON THE BASIS OF RM0.93 CASH (“PROPOSED CAPITAL REPAYMENT”)
AND SINGLE TIER INTERIM DIVIDEND OF SEVEN (7) SEN CASH FOR EVERY ONE (1)
EXISTING ORDINARY SHARE OF RM1.00 EACH HELD IN LITRAK; AND

(II)   PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF LITRAK PURSUANT
TO THE PROPOSED CAPITAL REPAYMENT (“PROPOSED AMENDMENT”)
We refer to the announcement dated 3 June 2008.

On behalf of the Board of Directors of Litrak, Aseambankers Malaysia Berhad is
pleased to announce that the High Court of Malaya has on 18 July 2008 confirmed
and sanctioned the Company’s Petition for an Order for reduction of the
Company’s share capital and share premium pursuant to Section 64 of the
Companies Act, 1965 in respect of the Proposed Capital Repayment.

The Book Closure Date for the entitlement of the Proposed Capital Repayment
will be announced at a later date.

This announcement is dated 18 July 2008
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