Mulpha to distribute shares in Mudajaya as dividend

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KUALA LUMPUR: Mulpha International Bhd has proposed to distribute its entire stake in Mudajaya Group Bhd to its shareholders as dividend.

Under the proposed dividend-in-specie exercise, Mulpha will return 90.32 million shares in Mudajaya on a basis of one Mudajaya share for every 3.537 Mulpha shares held at a date to be determined later.