MKH receives shareholders’ nod for Main Market listing of subsidiary

MKH Bhd group executive chairman Tan Sri Alex Chen Kooi Chiew

KUALA LUMPUR: MKH Bhd has obtained its shareholders' approval for the listing of its wholly owned subsidiary, MKH Oil Palm (East Kalimantan) Bhd (MKHOP) on the Main Market of Bursa Malaysia at an extraordinary general meeting today.

In a statement, MKH said MKHOP’s proposed initial public offering (IPO) comprises a public issue of 220.0 million new shares, representing 21.5% of its enlarged share capital.