MALAYSIA Mining Corp Bhd (MMC) group chief executive Datuk Ismail Shahudin is confident that the company's proposal to take MMC Engineering Group Bhd (MMCEG) private will result in higher earnings for the MMC group and enhance shareholder value in the long term.
“The proposed acquisition of MMCEG will create a flexible structure to carry out rationalisation programmes to optimise the synergistic benefits within the group. It will enable us to fully tap the economies of scale arising from this strategic move,” Ismail said after MMC's EGM in Kuala Lumpur yesterday.
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