Investor Relations - News

Proposed Scrip Dividend Scheme (The "Scheme")

Further to the announcement made on 31 October 2003, MTQ Corporation Limited (the "Company") is pleased to announce that the Singapore Exchange Securities Trading Limited ("SGX-ST") has approved in-principle the listing and quotation of new shares to be issued pursuant to the Scheme, subject to shareholders' approval for the following:-

1. the addition of a new Article in the Company's Articles of Association to enable the Directors to implement the Scheme; and

2. the implementation of the Scheme and the issue of new shares arising from the Scheme.

Please note that the SGX-ST's in-principle approval is not an indication of the merits of the Scheme.