MSCI's broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan is closed for a holiday.
KUALA LUMPUR: Atlan Holdings Bhd
’s subsidiary Duty Free International Limited (DFIL) has been granted in-principle approval from the Singapore Exchange Securities Trading Ltd (SGX-ST) for its proposed bonus warrants issue.
The group announced to the stock exchange on Thursday that DFIL had received the in-principle approval for the listing of and quotation for up to 491,400,157 bonus warrants and up to 491,400,157 new shares on the Main Board of SGX-ST, subject to the conditions imposed.
DFZ had announced on Wednesday to the Singapore stock exchange that the conditions imposed include compliance with the SGX-ST’s listing requirements, shareholders’ approval for the proposed bonus warrants issue and a written confirmation from the company that the proposed bonus warrants issue was in compliance with the relevant provisions of the Companies Act, among others.
It said the bonus warrants were exercisable during the period commencing on and including the date six months from the date of the listing of the bonus warrants, and expiring at 5pm on the market day immediately preceding the fifth anniversary of the date of issue.
DFZ, believed to be the country’s largest local duty-free retailing group, has duty-free retail outlets, duty-free wholesale outlets and duty-paid retail outlets at various locations throughout Peninsular Malaysia such as Padang Besar, Langkawi, Bukit Kayu Hitam, KL International Airport and Johor Baru.
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