MKH to list subsidiary on Main Market

KUALA LUMPUR: MKH Bhd has proposed to list its wholly owned subsidiary MKH Oil Palm (East Kalimantan) Bhd (MKHOP) on the Main Market of Bursa Malaysia.

Prior to the proposed initial public offering, MKH said MKHOP proposed to undertake a share split involving the subdivision of every one existing share in MKHOP into six new MKHOP shares amounting to 662.81 million units worth RM110.47mil.

The applications to the relevant authorities would be submitted by tomorrow.