Cosway shares for BCorp investors at no extra cost

  • Business Premium
  • Friday, 30 Apr 2010

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) has offered its shareholders stakes in Hong Kong-listed Cosway Corp Ltd at no extra cost under a plan to implement a restricted offer for sale (ROS) and cash dividend payout.

The company said in a statement yesterday that the proposed special interim tier-one cash dividend of 4.5 sen per BCorp share would only be paid if the ROS of up to HK$491.56mil Cosway Corp’s irredeemable convertible unsecured loan stocks (Iculs) exercise was implemented.

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