• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


MULTIPLE PROPOSALS MAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MAYBULK" OR THE "COMPANY") (I) PROPOSED SHARE BUY-BACK AUTHORITY; AND (II) PROPOSED EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MAYBULK BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MAYBULK BERHAD (FORMERLY KNOWN AS MALAYSIAN BULK CARRIERS BERHAD) ("MAYBULK" OR THE "COMPANY") 

(I) PROPOSED SHARE BUY-BACK AUTHORITY; AND
(II) PROPOSED EXEMPTION 

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Maybulk (“Board”), Inter-Pacific Securities Sdn Bhd (“Interpac”) wishes to announce that the Company is proposing to undertake the following:

 

(i) to seek the approval of its shareholders for the mandate to purchase its own ordinary shares (“Maybulk Share(s)” or “Share(s)”) for an aggregate amount of up to 10% of the issued share capital at any point in time (“Proposed Share Buy-Back Authority”); and

 

(ii) a proposed exemption pursuant to subparagraph 4.15(1) of the Rules on Take-Overs, Mergers and Compulsory Acquisition issued by the Securities Commission Malaysia to Dato’ Goh Cheng Huat and his person(s) acting in concert from the obligation to undertake a mandatory take-over offer for all the remaining Maybulk Shares not already owned by them arising from the purchase by Maybulk of its own Shares pursuant to the Proposed Share Buy-Back Authority (“Proposed Exemption”).

 

The Proposed Share Buy-Back Authority and Proposed Exemption shall collectively be referred to as the “Proposals”.

 

Please refer to the attachment for further details on the Proposals.

 

This announcement is dated 27 March 2024.




Please refer attachment below.

Attachments

Maybulk - Announcement.pdf
246.0 kB



Announcement Info

Company Name MAYBULK BERHAD
Stock Name MAYBULK
Date Announced 27 Mar 2024
Category General Announcement for PLC
Reference Number GA1-27032024-00039



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X