ECM oh ECM

Ex date on 4 March 2013.

Tomorrow sure up kau kau. Sayang not buy in due to election fear.

0.676 capital repayment.

ECM deals details:


我们觉得益资利金融(ECM,2143,主板金融股)的资本回退建议已到尾声,这是一项回酬不会很高,但保本意识满重的投资,所以我们选择逢低买进,逢高卖出,在87仙的价位再买进2万股。
在此我们让读者重温一下益资利的建议。益资利将其投资银行卖给肯纳格(Kenanga,6483,主板金融股),获得进账8.75亿令吉。
由于整个计划涉及现金、股票和债券,让一般投资者却步。不过随着计划接近尾声,公司价值逐渐浮现。
每股面值1令吉的益资利金融经过资本回退后,将分拆成32.4股价值1仙的股票,再将100股重新整合成面值1令吉的股票,每股净资产约是1.33令吉。





Entitlements (Notice of Book Closure)
Reference No EL-130219-34532

Company Name
:
ECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name
:
ECM  
Date Announced
:
19/02/2013  

EX-date
:
04/03/2013
Entitlement date
:
06/03/2013
Entitlement time
:
05:00:00 PM
Entitlement subject
:
Others
Entitlement description
:
Capital Repayment to the shareholders of ECM Libra Financial Group Berhad ("ECM") by way of capital reduction exercise in accordance with Section 64 of the Companies Act, 1965 ("Capital Repayment"), the share split involving the subdivision of the ECM shares after the Capital Repayment ("Share Split") and the consolidation of the ECM shares after the Share Split ("Share Consolidation")
Period of interest payment
:
to
Financial Year End
:
Share transfer book & register of members will be
:
to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no
:
Tricor Investor Services Sdn Bhd
Level 17, The Gardens, North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Tel: 03 - 22643883
Fax: 03 - 22821886
Email: is.enquiry@my.tricorglobal.com
Payment date
:
14/03/2013

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
:
06/03/2013

b.

Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
:

c.

Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
:
Entitlement indicator
:
Currency
Currency
:
Malaysian Ringgit (MYR)
Entitlement in Currency
:
0.676

Remarks :
The distribution comprise distribution in cash of RM0.534, distribution-in-specie of 0.144 share in K&N Kenanga Holdings Berhad ("KNKH") and distribution-in-specie of RM0.057 nominal value of Redeemable Unsecured Loan Stocks issued by KNKH for each ECM share held on the Entitlement Date. The Capital Repayment is made in accordance with the capital reduction pursuant to Section 64 of the Companies Act, 1965. Following the Capital Repayment, the ECM shares will be subject to the Share Split and Share Consolidation.

The ECM shares will be suspended from trading on Bursa Malaysia Securities Berhad ("Bursa Securities") with effect from 9.00 a.m. on 28 February 2013 until completion of the Share Consolidation. An application will be made to Bursa Securities after the Share Consolidation for the re-quotation of the trading of ECM shares.

ECM shareholders are requested to refer to the Notice to Shareholders dated 20 February 2013 for the details of the suspension on trading and distribution.


This announcement is dated 19 February 2013.