MSM

1.550

+0.31 (+25%)

OTHERS PROPOSED CONSOLIDATION OF FACTORY OPERATIONS BY MSM MALAYSIA HOLDINGS BERHAD

MSM MALAYSIA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED CONSOLIDATION OF FACTORY OPERATIONS BY MSM MALAYSIA HOLDINGS BERHAD

The Board of Directors (“Board”) of MSM Malaysia Holdings Berhad (“MSMH” or “Company” or “the Group”) wishes to announce that the Company will consolidate its refined sugar production by relocating its factory operations in MSM Perlis Sdn Bhd (“MSMP”) located in Chuping, Perlis to MSM Sugar Refinery (Johor) Sdn Bhd (“MSMJ”) located in Tanjung Langsat, Pasir Gudang Johor (“Consolidation”). Both MSMP and MSMJ are a wholly-owned subsidiaries of the Company.

 

The planned cessation of the MSMP’s production is on 30 June 2020 where the mobilisation of manpower and certain equipment from MSMP to MSMJ and MSM Prai Berhad (“MSMPB”) will be conducted in stages and is expected to complete by the fourth quarter of 2020.

 

Please refer to the attachment for additional information.

 

This announcement is dated 27 May 2020.




Please refer attachment below.



Announcement Info

Company Name MSM MALAYSIA HOLDINGS BERHAD
Stock Name MSM
Date Announced 27 May 2020
Category General Announcement for PLC
Reference Number GA1-27052020-00011