MWE share trade to be suspended on Sept 20, 2018

TheEdge Thu, Sep 13, 2018 11:00am - 5 years View Original


KUALA LUMPUR (Sept 13): Trading of MWE Holdings Bhd shares will be suspended on Thursday (September 20, 2018) to facilitate the implementation of the diversified company's selective capital reduction and repayment (SCR) exercise.

"Your attention is also drawn to MWE's announcement dated 6 September 2018 and notice to shareholders dated 7 September 2018 respectively," MWE said in a a filing with Bursa Malaysia today.

According to MWE's notice to shareholders, entitled shareholders will receive a cash capital repayment of RM1.75 a share under the SCR. Today, MWE shares were traded unchanged at RM1.74 at 10:32am with 17,000 units transacted.

MWE's website shows that the company's businesses include manufacturing and sale of garments besides design, production and distribution of telecommunication products.

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