【MIECO 5001 交流专区】美固木合板

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	80,605	82,599	80,605	82,599
2	Profit/(loss) before tax	-7,062	5,553	-7,062	5,553
3	Profit/(loss) for the period	-7,143	5,521	-7,143	5,521
4	Profit/(loss) attributable to ordinary equity holders of the parent	-7,143	5,521	-7,143	5,521
5	Basic earnings/(loss) per share (Subunit)	-1.36	1.05	-1.36	1.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7500		0.7700

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	98,374	90,127	178,979	172,726
2	Profit/(loss) before tax	-7,256	13,443	-14,318	18,996
3	Profit/(loss) for the period	-7,520	13,417	-14,663	18,938
4	Profit/(loss) attributable to ordinary equity holders of the parent	-7,520	13,417	-14,663	18,938
5	Basic earnings/(loss) per share (Subunit)	-1.43	2.56	-2.79	3.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7300		0.7700

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	128,272	101,132	307,251	273,858
2	Profit/(loss) before tax	-6,562	15,641	-20,879	34,637
3	Profit/(loss) for the period	-6,816	15,622	-21,478	34,560
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,816	15,622	-21,478	34,560
5	Basic earnings/(loss) per share (Subunit)	-1.30	2.97	-4.09	6.58
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7200		0.7700

icy97

Date of change	18 Feb 2019
Name	DATUK DR ROSLAN BIN A. GHAFFAR
Age	66
Gender	Male
Nationality	Malaysia
Designation	Non Executive Chairman
Directorate	Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Doctorate	Doctor of Philosophy	University of Kentucky, Lexington, USA.
2	Degree	Bachelor of Science	Louisiana State University, Baton Rouge, USA.

Working experience and occupation

Datuk Dr. Roslan Bin A. Ghaffar, has over 30 years of experience in the areas of economics, finance and investment. In 1974, Datuk Dr. Roslan started work at Lembaga Pertubuhan Peladang Malaysia as assistant credit officer. In 1975-1983, he pursued further studies at Louisiana State University, Baton Rouge and the University of Kentucky, Lexington, USA. He resumed his services to Lembaga Pertubuhan Peladang in year 1983.In 1984, Datuk Dr. Roslan joined University Putra Malaysia as a lecturer in economics and was promoted to Associate Professor of Economics in 1991. He also served as head of the Economics Department of University Putra Malaysia from 1985-1991. On various occasions while at the University Putra Malaysia, he had also served as consultant to various international and national organisations which included the World Bank, Asian Development Bank, Winrock International and the Economic Planning Unit of the Prime Ministers Department. In 1992-1993 academic year, Datuk Dr. Roslan was with the University of Kentucky, Lexington, USA, as Visiting Professor. In 1994, Datuk Dr. Roslan joined the Employees Provident Fund as the Director of Investment and Economic Research of the Malaysian EPF. He was promoted to the position of Senior Director in 1996 and in 2001 held the position of Deputy Chief Executive Officer of the Fund with the expanded responsibility of formulating and implementing investment strategies to meet the Funds investment objectives until his retirement in 2007. Datuk Dr. Roslan is currently the Chairman of Kuala Lumpur Sentral Sdn Bhd and Straits International Education Group Sdn Bhd and its subsidiary companies. He is also an independent member of the board of Kwasa Land Sdn Bhd and the director of Permodalan Felcra Sdn Bhd. He is presently the Chairman of the Rating Committee of Malaysian Rating Corporation Berhad too.

Directorships in public companies and listed issuers (if any)

1. Box-Pak (Malaysia) Berhad2. Priceworth International Berhad3. MRCB-Quill Management Sdn Bhd which manages the listed MRCB-Quill Reit

icy97

Date of change	18 Feb 2019
Name	YAM TENGKU PUTERI SERI KEMALA PAHANG TENGKU AISHAH BINTI SULTAN HAJI AHMAD SHAH
Age	61
Gender	Female
Nationality	Malaysia
Designation	Non Executive Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	due to other business commitment and engagement.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	112,596	75,447	419,847	349,305
2	Profit/(loss) before tax	-34,775	13,388	-55,655	48,026
3	Profit/(loss) for the period	-39,104	13,388	-60,583	47,949
4	Profit/(loss) attributable to ordinary equity holders of the parent	-39,104	13,388	-60,583	47,949
5	Basic earnings/(loss) per share (Subunit)	-7.45	2.55	-11.54	9.13
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6500		0.7700

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MIECO CHIPBOARD BERHAD ("MIECO" OR "THE COMPANY")Lease Agreement / Option to Purchase
Pursuant to Paragraph 10.06 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of MIECO wishes to announce that Great Platform Sdn. Bhd. (Company No. 972159-A) (“GPSB” or the “Lessor”) a wholly-owned subsidiary of MIECO, had on 18 March 2019 entered into a Lease Agreement (“Agreement”) with Holy Crane Wood Product Sdn. Bhd. (Company No. 1315524-T) (“HCWP” or the “Lessee”) that includes an Option to Purchase (“Proposed Option”) all the Company’s assets (“Demised Property, Machineries and Buildings” or the “Gerik Plant”) located in Gerik, Perak. The details of the Proposed Option are set out in the attachment herein. This announcement is dated 18 March 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6097629

Attachments MIECO_Lease Agreement_Option to Purchase_Final.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	93,947	80,605	93,947	80,605
2	Profit/(loss) before tax	-4,818	-7,062	-4,818	-7,062
3	Profit/(loss) for the period	-4,822	-7,143	-4,822	-7,143
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,822	-7,143	-4,822	-7,143
5	Basic earnings/(loss) per share (Subunit)	-0.92	-1.36	-0.92	-1.36
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6400		0.6500

icy97

Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	STATEMENT OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN OF THE GROUP AND THE COMPANY IN RESPECT OF MIECO CHIPBOARD BERHAD'S FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Mieco Chipboard Berhad (“MIECO” or “the Company”) wishes to announce that its external auditors, Deloitte PLT, have included a material uncertainty related to going concern in respect of MIECO’s Financial Statements for the financial year ended 31 December 2018. Please refer to attachment for further information. This announcement is dated 30 May 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6178173

Attachments MIECO_Announcement_Going Concern_Final.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	MIECO CHIPBOARD BERHAD ("MIECO" or the "Company") - Fire Incident
The Board of Directors of Mieco Chipboard Berhad (“MIECO” or the “Company”) wishes to announce that a minor fire incident had occurred at one of its chipboard manufacturing plant in Kuala Lipis, Pahang belonging to Mieco Manufacturing Sdn Bhd, a wholly-owned subsidiary of MIECO. The fire started at approximately 12:45 a.m. today (2 July 2019) and was put out in less than an hour time. The damages sustained from the fire incident are restricted to the conti-roll press section. Other sections of the machinery and building were not affected. Preliminary indications are that the repairs will take up to approximately two weeks during which the production line are expected to be affected. The financial impact has yet to be fully ascertained, however any financial losses arising from this incident are expected to be fully covered as adequate insurance policies have been taken up. The Board will make the necessary announcement, for any further development, if required. This announcement is dated 2 July 2019.

icy97

Type	Announcement
Subject	OTHERS
Description	MIECO CHIPBOARD BERHAD ("MIECO" or the "Company") - Fire Incident Update
Reference is made to the Company's announcement on 2 July 2019 pertaining to the fire incident occurred at one of its chipboard manufacturing plant in Kuala Lipis, Pahang. The Board of Directors of the Company wishes to announce that the damage to the conti-roll press section has been repaired and the plant has resumed operation on 22 July 2019. The financial impact and insurance claim of this incident has yet to be fully ascertained. The Board will make further announcement whenever there is new development. This announcement is dated 22 July 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	111,285	98,374	205,232	178,979
2	Profit/(loss) before tax	3,698	-7,256	-1,120	-14,318
3	Profit/(loss) for the period	3,722	-7,520	-1,100	-14,663
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,722	-7,520	-1,100	-14,663
5	Basic earnings/(loss) per share (Subunit)	0.71	-1.43	-0.21	-2.79
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6400		0.6500

icy97

Type	Announcement
Subject	OTHERS
Description	MIECO CHIPBOARD BERHAD ("MIECO" or the "Company") - Fire Incident Update
Reference is made to the Company's announcements on 2 July 2019 and 22 July 2019 pertaining to the fire incident occurred at one of its chipboard manufacturing plant in Kuala Lipis, Pahang. The Board of Directors of the Company wishes to inform that the insurer, Allianz General Insurance Company (Malaysia) Berhad had made a payment of RM4,423,534.53 on 1 November 2019 to MIECO’s wholly-owned subsidiary, Mieco Manufacturing Sdn. Bhd. (“MMSB”), being the full and final settlement of the claim for Material Damage. A further announcement will be made once the Business Interruption Claim has been finalised. This announcement is dated  1 November 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	111,911	128,272	317,144	307,251
2	Profit/(loss) before tax	2,289	-6,562	1,170	-20,879
3	Profit/(loss) for the period	2,205	-6,816	1,106	-21,478
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,205	-6,816	1,106	-21,478
5	Basic earnings/(loss) per share (Subunit)	0.42	-1.30	0.21	-4.09
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6500		0.6500

icy97

Type	Announcement
Subject	OTHERS
Description	MIECO CHIPBOARD BERHAD ("MIECO" or the "Company") - Fire Incident Update
Reference is made to the Company's announcements on 2 July 2019, 22 July 2019, and 1 November 2019 pertaining to the fire incident occurred at one of its chipboard manufacturing plant in Kuala Lipis, Pahang. The Board of Directors of the Company wishes to inform that the insurer, Allianz General Insurance Company (Malaysia) Berhad had made a payment of RM1,000,000.00 on 24 February 2020 to MIECO’s wholly-owned subsidiary, Mieco Manufacturing Sdn. Bhd. (“MMSB”), being the full and final settlement of the claim for Business Interruption. This announcement is dated 24 February 2020.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	110,138	112,596	427,282	419,847
2	Profit/(loss) before tax	-1,617	-34,775	-448	-55,655
3	Profit/(loss) for the period	545	-39,104	1,651	-60,583
4	Profit/(loss) attributable to ordinary equity holders of the parent	545	-39,104	1,651	-60,583
5	Basic earnings/(loss) per share (Subunit)	0.10	-7.45	0.31	-11.54
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6500		0.6500

icy97

Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	STATEMENT OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN OF THE GROUP AND THE COMPANY IN RESPECT OF MIECO CHIPBOARD BERHAD'S FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Mieco Chipboard Berhad (“MIECO” or “the Company”) wishes to announce that its external auditors, Deloitte PLT, have included a material uncertainty related to going concern in respect of MIECO’s Financial Statements for the financial year ended 31 December 2019. Please refer to attachment for further information. This announcement is dated 24 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061556

Attachments MIECO_Announcement_Going Concern.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	87,824	93,947	87,824	93,947
2	Profit/(loss) before tax	-21,982	-4,818	-21,982	-4,818
3	Profit/(loss) for the period	-27,221	-4,822	-27,221	-4,822
4	Profit/(loss) attributable to ordinary equity holders of the parent	-27,221	-4,822	-27,221	-4,822
5	Basic earnings/(loss) per share (Subunit)	-5.18	-0.92	-5.18	-0.92
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6000		0.6500

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	63,684	111,285	151,508	205,232
2	Profit/(loss) before tax	-12,211	3,698	-34,194	-1,120
3	Profit/(loss) for the period	-12,211	3,722	-39,433	-1,100
4	Profit/(loss) attributable to ordinary equity holders of the parent	-12,211	3,722	-39,433	-1,100
5	Basic earnings/(loss) per share (Subunit)	-2.33	0.71	-7.51	-0.21
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5700		0.6500

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	113,463	111,911	264,971	317,144
2	Profit/(loss) before tax	8,447	2,289	-25,747	1,170
3	Profit/(loss) for the period	8,051	2,205	-31,382	1,106
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,051	2,205	-31,382	1,106
5	Basic earnings/(loss) per share (Subunit)	1.53	0.42	-5.98	0.21
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5900		0.6500

icy97

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	MIECO CHIPBOARD BERHAD ("MIECO OR THE "COMPANY")I.        PROPOSED PRIVATE PLACEMENT; ANDII.        PROPOSED ACQUISITION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of MIECO ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce:- i. MIECO intends to undertake a fundraising exercise via a private placement which involves the issuance of new shares in MIECO ("MIECO Share(s)" or "Share(s)") representing up to 20% of the total number of issued shares of MIECO (excluding treasury shares) to third party investor(s) to be identified later at an issue price to be determined later ("Proposed Private Placement"), of which the proceeds arising thereto are mainly intended to finance the Proposed Acquisition (as defined herein), either in whole or in part, subject to the successful procurement of placee(s) and implementation of the placement prior to completion of the Proposed Acquisition (as defined herein). For avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with a general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") and that the Proposed Private Placement is subject to specific shareholder approval pursuant to Paragraph 6.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"); and ii. MIECO had on 6 October 2021, entered into conditional share sale agreement ("SSA") with SYF Resources Berhad ("SYF" or the "Vendor") for the acquisition of the entire equity interest in Seng Yip Furniture Sdn Bhd ("SYFSB"), a wholly-owned subsidiary company of SYF, for a purchase consideration of RM50,000,000 ("Purchase Consideration") to be satisfied entirely via cash ("Proposed Acquisition"). In view of the interests of Dato' Sri Ng Ah Chai and Mr Ng Wei Ping, Keith (collectively referred as "Interested Directors") in both MIECO and SYF, the Proposed Acquisition is deemed as a related party transaction ("RPT") pursuant to Paragraph 10.08 of the Listing Requirements. In this respect, the Board has appointed Strategic Capital Advisory Sdn Bhd ("SCA" or "Independent Adviser") to act as the independent adviser to advise the non-interested directors and non-interested shareholders of MIECO as to whether the Proposed Acquisition is fair and reasonable so far as the non-interested directors and non-interested shareholders of the Company are concerned, and whether the Proposed Acquisition is to the detriment of the non-interested shareholders of MIECO. Further details of the Proposals are set out in the attachment enclosed. This announcement is dated 6 October 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198645

Attachments Mieco - Announcement_final.pdf