PETALING JAYA: Metrod (M) Bhd has proposed to rationalise its group structure, which will include share exchange, transfer of listing status and shareholding transfer exercises.
Metrod said in a filing with Bursa Malaysia yesterday that it proposed to exchange its entire 60 million issued and paid-up ordinary shares of RM1 with 120 million ordinary shares of 50 sen each in a new investment holding company, Metrod Holdings Sdn Bhd, which would be converted into a public limited company.
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