The Board of Directors (“Board”) of Marine & General Berhad (“M&G”) would like to announce that M&G, via its wholly- owned subsidiary Jasa Merin (Labuan) PLC ("JML") has entered into a Subscription Agreement with TKH Marine (L) Ltd (“TKH Marine”) and Teng Keng Han (“TKH”) for JML to initially subscribe 277,000 shares representing a 50% equity interest in TKH Marine for a cash consideration of USD 277,000.
Please refer to the attachment for further details.
This announcement is dated 1 March 2018.