OTHERS MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "THE COMPANY") -DISPOSAL OF WARRANTS IN MYCRON STEEL BERHAD ("Mycron")
MELEWAR INDUSTRIAL GROUP BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "THE COMPANY") -DISPOSAL OF WARRANTS IN MYCRON STEEL BERHAD ("Mycron") |
Melewar Industrial Group Berhad ("MIGB" or "the Company") wishes to announce that the Company had disposed 16,300 Mycron Warrants, representing 0.07492% of the outstanding Warrants of Mycron, for a total proceeds of RM6,755.37 (after deduction of brokerage, clearing and stamp duty charges) (“Disposal”).
The Disposal was transacted through the open market. The total proceeds of RM6,755.37 was arrived at based on the prevailing market price of Mycron Warrants as traded on the Bursa Malaysia Securities Berhad. The proceeds from the Disposal will be utilised for working capital purposes.
The Disposal will not have any material impact on the Group’s net tangible assets and earnings per share for the financial year ended 30 June 2022.
Save as disclosed, the Company is not aware of any of its other Directors, major shareholders and/or persons connected with them having any interest, direct or indirect, in the Disposal.
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Announcement Info
Company Name | MELEWAR INDUSTRIAL GROUP BERHAD |
Stock Name | MELEWAR |
Date Announced | 04 Jul 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-04072022-00046 |