MTDACPI

0.275

(%)

OTHERS MTD ACPI ENGINEERING BERHAD ("MTD ACPI" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MTD ACPI PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

MTD ACPI ENGINEERING BERHAD

Type Announcement
Subject OTHERS
Description
MTD ACPI ENGINEERING BERHAD ("MTD ACPI" OR "COMPANY")
PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MTD ACPI PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

Reference is made to the Company’s announcement dated 7 December 2020 in relation to the Proposed SCR (“Announcement”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcement.

 

We refer to the Company's announcement dated 7 December 2020 and 10 December 2020 in relation to the Proposed SCR.

 

The Board of Directors of MTD ACPI wishes to announce that, in accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions, the Board (save for the Interested Directors), had appointed Public Investment Bank Berhad as the Independent Adviser to provide their comments, opinions, information and recommendations to the Board (save for the Interested Directors) and to the Entitled Shareholders in respect of the Proposed SCR.

 

This announcement is dated 21 December 2020.






Announcement Info

Company Name MTD ACPI ENGINEERING BERHAD
Stock Name MTDACPI
Date Announced 21 Dec 2020
Category General Announcement for PLC
Reference Number GA1-20122020-00002