Nilai Resources Group Bhd, a Malaysian producer of fertilizers and chemical products, said it received a request from its major shareholders to undertake a selective capital repayment.
The company received a letter from shareholders Akarmas Sdn Bhd and Gan Kong Seng, it said in an exchange filing today. Nilai’s board will deliberate on the matter before deciding its next course of action, according to the statement. Akarmas and Gan own a majority stake in the group, Bloomberg data show. -- Bloomberg
The company received a letter from shareholders Akarmas Sdn Bhd and Gan Kong Seng, it said in an exchange filing today. Nilai’s board will deliberate on the matter before deciding its next course of action, according to the statement. Akarmas and Gan own a majority stake in the group, Bloomberg data show. -- Bloomberg
