English

MSWG’S WATCHLIST

MINTYE BERHAD ("MINTYE" OR "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MINTYE PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")

The Board of Directors of Mintye (“Board”) wishes to announce that the Company has today received a letter from its controlling shareholder, Yatee & Sons Sdn Bhd (“Yatee” or “Offeror”), requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("SCR Offer Letter").The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM1.30 for each ordinary share in Mintye held by all the shareholders of Mintye (other than Yatee and the persons acting in concert with them) whose names appear in the Record of Depositors of Mintye as at the close of business on an entitlement date to be determined and announced later by the Board.

16.08.2019

CEO’S MESSAGE

Genting Malaysia Bhd (GenM) – the Role of Directors

09.08.2019

ANALYST’S MESSAGE

GENTING MALAYSIA BERHAD - Another roller coaster ride for the minority shareholders

Background

I. PROPOSED ACQUISITION BY GENM OF SHARES IN EMPIRE RESORTS, INC., FROM KIEN HUAT REALTY III LIMITED ("KH")

II. PROPOSED JOINT VENTURE BETWEEN GENM AND KH TO PRIVATISE EMPIRE RESORTS, INC. ("EMPIRE")