Bursa’s 1Q08 net profit fell 40% to RM42m
Bursa Malaysia’s net profit for the first quarter of the financial ending Dec 31, 2008, fell 40% to RM42.07 million from a year earlier, due mainly to “lower trading revenue from the equity market as a result of investor caution towards escalating subprime related issues and recent local political issues”.
TM shares will be adjusted downwards on April 23 to reflect the distribution of shares in the enlarged TMI. Shareholders will get one TMI share for every TM share held and their CDS account is to be credited on April 25.
The combined reference prices of TM and TMI shares will be equivalent to the last traded price of TM shares on April 22, the last day to acquire TM shares and be entitled to the TMI shares.