MAMEE-DOUBLE Decker (M) Bhd has been in the limelight recently due to a privatisation proposal by major shareholders in a selective capital reduction (SCR) and repayment exercise under Section 64 of the Companies Act, 1965. This is a privatisation route that has been used successfully by several other companies.
Some examples are Halim Mazmin Bhd and Telekom Malaysia Bhd
(TM) unit VADS Bhd, both of which were de-listed in 2009.
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