Highlights

[MCT] EGM on 03-Jan-2013


Stock [MCT]: MCT BHD
Announcement Date 07-Dec-2012  | 03-Jan-2013

Type EGM
Date & Time 03-Jan-2013   10:00
Depositor Date 27-Dec-2012
Venue Greens I,Tropicana Golf & Country Resort,
Jalan Kelab Tropicana,
47410 Petaling Jaya,
Selangor Darul Ehsan

Description Extraordinary General Meeting in relation to the following proposals:- (I) PROPOSED DISPOSALS OF 100% EQUITY INTEREST IN GREAT WALL PLASTIC INDUSTRIES BERHAD AND 100% EQUITY INTEREST IN GW PACKAGING SDN BHD BY GW PLASTICS HOLDINGS BERHAD (“GW PLASTICS”) TO SCIENTEX PACKAGING FILM SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM283.200 MILLION (“PROPOSED DISPOSALS”); (II) PROPOSED DISTRIBUTION OF THE CASH PROCEEDS ARISING FROM THE PROPOSED DISPOSALS TO ALL THE ENTITLED SHAREHOLDERS OF GW PLASTICS (“PROPOSED DISTRIBUTION”); AND (III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF GW PLASTICS TO FACILITATE THE PROPOSED DISTRIBUTION (“PROPOSED M&A AMENDMENTS”)
Outcome
Remark -


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