MMC CORPORATION BERHAD (“MMC” OR “COMPANY”) PROPOSED PRIVATISATION OF ALIRAN IHSAN RESOURCES BERHAD (“AIRB”) VIA A PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)
09 Jul 2012
On behalf of the Board of Directors ("Board") of MMC, Maybank Investment Bank Berhad wishes to announce that MMC has today served a letter to the Board of AIRB, setting out MMC's intention to privatise AIRB via a selective capital reduction and repayment exercise under Section 64 of the Companies Act, 1965 which will result in MMC becoming the sole shareholder of AIRB upon completion of the Proposed SCR. Please refer to the attached file for details of the Proposed SCR.
This announcement is dated 9 July 2012.
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