Every Spin-Off
MKH Oil Palm (East Kalimantan)
CompletedMYGrows oil palm and runs a palm oil mill in East Kalimantan, Indonesia, selling crude palm oil and palm kernels.
MKH distributed 82.49m shares (about 10.3%) of its Indonesian plantation unit MKH Oil Palm (East Kalimantan) to its shareholders as a dividend-in-specie at one share for every seven MKH shares, completed on 15 February 2024 ahead of the unit's IPO and Bursa Malaysia Main Market listing on 30 April 2024.
- Distribution date
- 30 Apr 2024
- Structure
- Partial spin
- Parent
- MKH Berhad (6114 MK)
- Spin-off ticker
- Not recorded
- Listing
- Bursa Malaysia Main Market
- Market
- Malaysia
- Sector
- Consumer staples
- Size
- micro
Source documents
- Press releaseNot located
- PresentationNot located
- Prospectus / demerger documentNot located
- SourceMKH Annual Report 2024 (corporate proposals)
- Sourceprestasisawit.mpob.gov.my (proposal, 03/29/23)
- Sourcebusinesstoday.com.my (IPO terms, 03/29/24)
- Sourcenst.com.my (debut)
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