Pursuant to the restructuring of Malaysian Plantations Berhad ("MPlant"), MPlant and its wholly-owned subsidiary companies had disposed of its entire shareholdings comprising approximately 38.38% equity interest in Kamunting Corporation Berhad ("KCB"), out of which the disposal of approximately 29% equity interest in KCB was completed on 28 July 2000.
Arising from the above, MPlant has ceased to have an indirect interest in Multi-Purpose Holdings Berhad by virtue of Section 6A(4) of the Companies Act, 1965 held through KCB.