OTHERS MARINE & GENERAL BERHAD (M&G OR THE COMPANY) - BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) PN17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
MARINE & GENERAL BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | MARINE & GENERAL BERHAD (M&G OR THE COMPANY) - BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) PN17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER |
Reference is made to the announcement of the above description made on 22 September 2020.
The Board of Directors of Marine & General Berhad (“M&G” or “the Company”) wishes to clarify that, based on the unaudited management accounts of M&G as at 31 August 2020, the shareholders’ equity has increased from RM26.1 million as at 31 July 2020 to RM93.8 million and the ratio of the shareholders’ equity to share capital on a consolidated basis is 34.8%.
In view of the above, M&G no longer triggers the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Please refer to the attachment of this announcement for the details of the unaudited management accounts as at 31 August 2020.
This announcement is dated 25 September 2020. |
Please refer attachment below.
Announcement Info
Company Name | MARINE & GENERAL BERHAD |
Stock Name | M&G |
Date Announced | 25 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-25092020-00065 |