MUDAJYA

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OTHERS MUDAJAYA GROUP BERHAD ("MUDAJAYA") - Dilution of Mudajaya Corporation Berhad's Equity Stake in R.K.M Powergen Private Limited

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA") 
- Dilution of Mudajaya Corporation Berhad's Equity Stake in R.K.M Powergen Private Limited

Reference is made to our announcement dated 7 December 2020 in respect of the signing of the Master Debt Restructuring Agreement by R.K.M Powergen Private Limited (“RKM”).

 

We wish to announce that Mudajaya Corporation Berhad (“MCB”), a wholly-owned subsidiary of Mudajaya, has on 29 December 2020 received a letter of notification from RKM stating that shares and debentures have been allotted to the lenders on 24 December 2020, as part of the implementation of the Resolution Plan formulated by the lenders to restructure the debts of RKM.  As a result of the allotment of shares, the lenders now hold 26% equity stake in RKM and MCB’s equity stake in RKM has reduced from 26% to 19.24%.  

 

This announcement is dated 31 December 2020.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 31 Dec 2020
Category General Announcement for PLC
Reference Number GA1-31122020-00052