FINANCIALLY troubled MBf Capital Bhd has received approval from the Securities Commission (SC) for its proposed restructuring scheme that includes a 40-to-1 share capital reduction, asset acquisition and a reverse takeover by Perfect Utilisation Sdn Bhd (PUSB).
In a statement to the KLSE on Dec 31, the company said the SC had also, in a letter dated Dec 30, approved a transfer of the listing status from MBf Capital to PUSB.
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