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YTL Power, YTL Cement, YTL Land and YTLe: Share Subdivisions Book Closure
 

Kuala Lumpur, 11 June 2004

YTL POWER INTERNATIONAL BERHAD
YTL CEMENT BERHAD
YTL LAND & DEVELOPMENT BERHAD
YTL E-SOLUTIONS BERHAD


SUBDIVISION OF SHARES
BOOK CLOSURE DATE ON 30 JUNE 2004


YTL Power International Berhad, YTL Cement Berhad, YTL Land & Development Berhad and YTL e-Solutions Berhad today announced a Book Closure date of 30 June 2004 in relation to the share subdivisions to be undertaken by the respective companies.

The approval of the Securities Commission was granted on 8 June 2004, whilst Bursa Malaysia Securities Berhad (“Bursa Malaysia”) approved the share subdivisions on 11 June 2004. [Click here for links to the announcements:
YTL Power International Berhad / YTL Cement Berhad / YTL Land & Development Berhad / YTL e-Solutions Berhad]

As the share subdivisions will reduce the existing par value per share of the respective companies, this is expected to enhance the affordability and attractiveness of the shares to both existing and potential investors.

The share subdivisions are intended to increase the liquidity and marketability of the companies’ shares in order to encourage a wider shareholder base. In addition, existing shareholders will benefit from greater participation in the equity of the company in terms of the number of shares held.

The subdivided shares, pursuant to the share subdivisions, shall upon allotment and issue, rank pari passu in all respects with each other.

YTL POWER INTERNATIONAL BERHAD

YTL CEMENT BERHAD

YTL LAND & DEVELOPMENT BERHAD

YTL E-SOLUTIONS BERHAD

 

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