PETALING JAYA: Major shareholders of Mamee-Double Decker (M) Bhd have proposed to privatise the company from Bursa Malaysia by undergoing a capital reduction and repayment exercise under Section 64 of the Companies Act, 1965.
Under the plan, major shareholders of Mamee who control the company would repay RM179.8mil or RM4.39 a share to minority shareholders. The controlling shareholders would waive their entitlement from receiving cash under the capital reduction and repayment exercise.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
