Green Packet proposes one for two bonus issue and main board transfer
2006-12-20
Green Packet Media Center
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Kuala Lumpur, 20 December 2006 ¨C Green Packet Berhad, a leading global developer of Next Generation Mobile Broadband Networking Solutions, today announced another significant milestone in its corporate history, on the proposal to migrate from the MESDAQ Market to the Main Board of Bursa Malaysia Securities Sdn Bhd (Bursa Securities).

The proposal will entail a proposed bonus issue of 222,186,250 new Green Packet shares on the basis of one new share for every two existing shares held at an entitlement date to be determined later.

Apart from enabling Green Packet to meet the minimum issued and paid-up capital of RM60 million as required under the Listing Requirements of Bursa Securities, the proposed bonus issue will also serve as a reward to its loyal shareholders for their continuous support through greater participation in the equity of Green Packet in terms of number of shares held. Upon completion, it will also increase the capital base of the company to better reflect on the company¡¯s current scale of operations.

Upon the receipt of the relevant regulatory approvals and the completion of the proposed bonus issue, the company will then transfer the listing of and quotation for its enlarged issued and paid-up capital of RM66,655,875 comprising 666,558,750 shares to the Main Board of Bursa Securities.

¡°As the Group is intensifying its presence in the overseas markets, the proposed transfer is expected to position the Group with greater recognition, image and acceptance to its foreign customers and business partners¡± said Mr Puan Chan Cheong, Group Managing Director and Chief Executive Officer of Green Packet Berhad.

The proposed transfer is also expected to enhance Green Packet¡¯s profile and reputation as well as the confidence of the company¡¯s investors, financiers, customer, employees and other stakeholders of Green Packet.

Green Packet was listed on the MESDAQ Market on 25 May 2005. Since its listing on the MESDAQ market about one and a half years¡¯ ago, Green Packet has gone from strength to strength and has strived to deliver improved earnings year on year. Green Packet and its subsidiaries had achieved an audited consolidated profit after tax of RM31.72 million for the financial year ended 31 December 2005 and an aggregate consolidated profit after tax of approximately RM46.56 million for the past three financial years ended 31 December 2005.


About Green Packet Berhad (GPB)
GPB is a leading global developer of Next Generation Mobile Broadband Networking Solutions. GPB¡¯s mission is to provide a seamless and unified platform for the delivery of user centric multimedia communication and services regardless of the nature and availability of the backbone infrastructure.

GPB¡¯s SONaccess is designed to enable fixed-mobile convergence, WLAN-cellular integration and secure seamless roaming across multiple networks. Its primary feature is the concurrent delivery of all media types ¨C voice, data and video ¨C to an easy-to-use graphical user interface, independent of location and type of networks.

GPB¡¯s SONbuddy is a software that turns each Wi-Fi device into an intelligent router so that they automatically organize a multi-hop self-healing network without the need for an access point or other wireless infrastructure. All the users within this Self Organizing Network (¡°SON¡±) can communicate with each other using the built-in applications like VoIP, Instant Messaging, File Exchange and Screen Sharing.

GPB¡¯s SONmetro range of products enables the provision of wireless broadband connectivity at GSM type coverage with DSL/Cable data speeds and high speed mobility at a substantially low-cost. SONmetro is powered by ODMA and is an intelligent relaying system, where the path and method of transmission are not predetermined, but adapted dynamically based on available opportunities.

For more information about GPB, visit www.greenpacket.com
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