Update on More confusion on Genting split issues

My dearest Moo Moo Cow,

Remember this blog posting, More confusion on Genting split issues ?

I got this on my mail.

• GENTING BERHAD AND RESORTS WORLD BHD FIRST TO ACHIEVE SHORTER TIME TO MARKET FOR CORPORATE EXERCISE UNDER BURSA MALAYSIA'S SPEEDS
  
  Bursa Malaysia Berhad today announced the successful share split exercise undertaken by Genting Berhad and Resorts World Bhd, members of the Genting Group, which are the first two issuers to carry out such corporate exercise under the newly implemented SPEEDS. An initiative by Bursa Malaysia, SPEEDS facilitates trading of the new underlying securities within a shorter period after the books closure date.
  
  SPEEDS Corporate Exercise now enables shareholders of Genting Berhad and Resorts World Berhad to receive their split shares earlier due to shorter time-to-market for securities undergoing subdivision or consolidation. In the past, securities undergoing such corporate exercise were suspended for a period of 10 market days prior to the listing and quotation of the new subdivided or consolidated shares.
  
  In its announcement to Bursa Malaysia Berhad on 30 March 2007, Genting Berhad and its subsidiary Resorts World Bhd proposed a share split of their 50 sen shares into five 10 sen shares each. Through SPEEDS Corporate Exercise, Genting Berhad and Resorts World Bhd's shares was traded on Ex-Date 11 April 2007, at RM0.10 subdivided shares. Following this, the shares arising from the share split were credited on the evening of 13 April 2006 and settlement took place today on 16 April 2007.
  
  Commenting on the said corporate exercises, Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "SPEEDS benefits Genting Berhad and Resorts World Bhd as the stocks did not have to be suspended to make way for the corporate actions as were seen in the past. With SPEEDS, companies are ensured that corporate exercises are expedited with uninterrupted trading for the securities."
  
  Added Dato' Yusli, "As a front-line regulator, we are determined to ensure that the capital market infrastructure keeps pace with the growing demands for greater efficiency and risk management. SPEEDS Corporate Exercise was designed to reduce time to market for orporate exercises, which in turn leads to greater efficiency and reduction in investors' market risk exposure."
  
  Tan Sri Lim Kok Thay, Chairman, President and Chief Executive of the Genting Group said, "As listed members of Bursa Malaysia, the Genting Group is pleased with this improvement made on the share split process that was initiated by Bursa Malaysia. We hope that this will make our shareholders happy due to the timely delivery of our share splits."
  
  Added Justin Leong, Genting Berhad's Head of Strategic Investments & Corporate Affairs, "We are pleased to be the very first issuers to carry out a share split under the newly implemented SPEEDS. Greater efficiency in any capital market is always welcome and we believe this will further enhance Bursa Malaysia as a premier investment destination."
  SPEEDS demonstrates the Bursa Malaysia's drive to provide investors and market players alike with open and efficient market in terms of timely, transparent infrastructure and processes. SPEEDS Corporate Exercise is also one of the exchange's many ways to promote standards and best market practices to streamline processing.
  
  SPEEDS was implemented on 30 March 2007 following amendments made to the Listing Requirements of Bursa Malaysia Securities Berhad and Rules of Bursa Malaysia Depository Sdn. Bhd.
  
  A set of frequently asked questions and answers on SPEEDS are available for reference on Bursa Malaysia's website at http://www.bursamalaysia.com

Did it clear the confusion?

And another thing. Why didn't Genting announce this Speed issue before the ex-date of the split?