Genting's confusing Share Split.

My Dearest Moo Moo Cow,

I am totally confused about Genting's share split and what is happening with the allotment of the split stocks.

This is the original split announcement: GENTING BERHAD ("GENTING") - PROPOSED SHARE SPLIT; AND - PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION

On the 10th April, GENTING- TRADING OF GENTING: SHARE SPLIT

This was what that announcement said...

• Kindly be informed that the current share split involving the subdivision of each ordinary share of RM0.50 each into 5 ordinary share of RM0.10 each is undertaken through SPEEDS Corporate Exercise. On Ex-Date ( 11 April 2007 ) , all trading will be on the RM0.10 subdivided shares and settlement on 16 April 2007 will also be on the subdivided shares.

How would you interpret the above statement?

Last night at 8pm, 12th April, there was this announcement: GENTING - TRADING OF GENTING: SHARE SPLIT

• "Further to the Listing Circular No L/Q 42351 of 2007, Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 16 April 2007 with subdivided GENTING shares of RM0.10 each, any shareholder who is entitled to receive GENTING subdivided shares, may now sell any or all of his GENTING shares arising from the subdivision.
  
  For example, if Mr X purchases 1,000 GENTING shares on cum basis on 10 April 2007, Mr X should receive 1,000 shares on 13 April 2007. As a result of the subdivision, 5,000 GENTING shares will be credited into Mr X's CDS account on the night of 13 April 2007 being the Books Closing Date. Therefore, Mr X may, if he so wishes, sell the subdivided shares of 5,000 now."

I am confused.

Take the above example, of Mr.X.

• Mr X purchases 1,000 GENTING shares on cum basis on 10 April 2007, Mr X should receive 1,000 shares on 13 April 2007. As a result of the subdivision, 5,000 GENTING shares will be credited into Mr X's CDS account on the night of 13 April 2007 being the Books Closing Date.

So the subdivided shares will be credited on the night of April 13th, right?

But the next line...

• Therefore, Mr X may, if he so wishes, sell the subdivided shares of 5,000 now."

If he so wishes, he may sell the subdivided shares of 5,000 now. Now? As in now?

But the shares are only credited on the night of April 13th 2007, right?

So what NOW is the announcement referring to?

Can someone enlighten me please?

rgds