MTD Capital said the business environment would remain very challenging due to Covid-19 pandemic and political uncertainty which would have a prolonged impact on the group’s operations and competitiveness in the current financial year.
KUALA LUMPUR: MTD Capital Bhd, the controlling shareholder of MTD ACPI, has requested the latter undertake a selective capital reduction and repayment exercise under its proposed privatisation exercise.
In a statement to Bursa Malaysia on Monday, it said the proposed SCR entails a selective capital reduction and a capital repayment of 28 sen for each share in MTD ACPI.
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