The Board of Directors of MBSB wishes to inform that the Company intends to seek its shareholders’ approval on the Proposed Adoption of a New Constitution of the Company (“Proposed Adoption”) at the forthcoming 49th Annual General Meeting (“AGM”) of the Company.

The Proposed Adoption is to streamline the Constitution with the Companies Act 2016 and other relevant regulatory provisions. The Proposed Adoption is also to align the Constitution with the amended Main Market Listing Requirements of Bursa Malaysia Securities Berhad to provide clarity to certain provisions thereof and to render consistency throughout in order to facilitate and further enhance administrative efficiency. 

The details of the Proposed Adoption will be circulated together with the Annual Report 2018 to the shareholders in due course.

This announcement is dated 27 March 2019.