UTRADE users are hereby informed that GTD orders for Kerjaya Prospek Property Bhd (7077/KPPROP) (formerly known as GSB Group Bhd) are cancelled before 5:00pm on 28 January 2020 in view of share consolidation exercise as follows :
Kerjaya Prospek Property Bhd (7077/KPPROP)
Consolidation ratio : 5 existing shares into 1 new share
Ex date: 29 January 2020
Book Closing date: 30 January 2020
Number of KPPROP shares that may be sold on 29 January 2020 to 30 January 2020 = 1/5 number of
shares held before the Ex-date (all fractional shares computed should be disregarded).
For example, if Mr X owns or purchases 1000 KPPROP shares on cum basis on 28 January 2020, his CDS account would still show 1000 KPPROP shares until 30 January 2020. However, as a results of the above Share Consolidation exercise, Mr X’s 1000 KPPROP shares in his CDS account will be adjusted to 200 KPPROP shares on the night of 30 January 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 200 KPPROP shares on or after the Ex-date i.e. from 29 January 2020 onwards.