Events 2005 - ChartNexus

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Notes to the Financial Statements 31 December 2005
36. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
On 28 February 2005 and 29 August 2005, the Company issued RM150 million and RM100 million Medium Term Notes
respectively. The notes, rated AA2 by Rating Agency Malaysia Berhad and with a maturity of 5 years, were issued out of the RM350
million Commercial Papers/Medium Term Notes Issuance Programme.
On 2 September 2005, Star Rediffusion Sdn. Bhd. was incorporated as a wholly-owned subsidiary of the Company with an issued
and paid up capital of RM2.
On 21 September 2005, the Company has entered into a conditional sale and purchase agreement to acquire 70% equity interest
in Rimakmur Sdn. Bhd. representing a total of 22,400 ordinary shares of RM1.00 each for a cash consideration of RM7,178,639.
The acquisition was completed on 9 November 2005.
On 15 December 2005, the Company had fully redeemed its RM250 million nominal amount of redeemable unsecured bonds
2000/2005 constituted by a Trust Deed dated 15 November 2000.
37. EVENTS SUBSEQUENT TO BALANCE SHEET DATE
On 23 February 2006, the Company made an announcement to the Bursa Malaysia Securities Berhad on the followings:
(a) Proposed bonus issue of 369,281,801 new ordinary shares of RM1.00 each in the Company on the basis of one (1) bonus
share for every one (1) existing ordinary share of RM1.00 each in the Company held at a date to be determined ("Proposed
Bonus Issue").
The Proposed Bonus Issue shall be effected via the capitalisation firstly from the Company’s share premium account and the
balance from the Company’s retained profit account.
The Bonus Shares shall, upon allotment and issue, rank pari passu in all respect with the existing shares in issue.
(b) Proposed increase in the authorised share capital of the Company from RM500 million comprising 500 million shares to RM1
billion comprising 1 billion shares in order to accommodate the Proposed Bonus Issue and to provide for any further issue
of new shares.