OTHERS MATANG BERHAD ("MATANG" OR THE "COMPANY") PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MATANG AND ITS SUBSIDIARY COMPANIES TO INCLUDE DURIAN PLANTATION, PROCESSING, PRODUCTION, DISTRIBUTION AND ANY RELATED DOWNSTREAM BUSINESS ACTIVITIES ("PROPOSED DIVERSIFICATION")

MATANG BERHAD

Type Announcement
Subject OTHERS
Description
MATANG BERHAD ("MATANG" OR THE "COMPANY")

PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MATANG AND ITS SUBSIDIARY COMPANIES TO INCLUDE DURIAN PLANTATION, PROCESSING, PRODUCTION, DISTRIBUTION AND ANY RELATED DOWNSTREAM BUSINESS ACTIVITIES ("PROPOSED DIVERSIFICATION")

On behalf of the Board of Directors of Matang ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company intends to undertake the proposed diversification of the existing principal activities of Matang and its subsidiary companies ("Matang Group" or the "Group") to include the durian plantation, processing, production, distribution and any related downstream business activities ("Durian Business").

Please refer to the attachment for further details on the Proposed Diversification.

 

This announcement is dated 2 October 2019.




Please refer attachment below.



Announcement Info

Company Name MATANG BERHAD
Stock Name MATANG
Date Announced 02 Oct 2019
Category General Announcement for PLC
Reference Number GA1-02102019-00059