On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following proposals:

(i) proposed diversification of the existing business of the MESB and its subsidiaries ('MESB Group') to include the collection and recycling of wastepaper, plastics scrap and scrap ferrous metal ('Proposed Diversification'); and

(ii) proposed shareholders' mandate for recurrent related party transactions expected to be entered into by the MESB Group with related parties pursuant to the Proposed Diversification.

Kindly refer to the attached document for the complete announcement.

MESB - Announcement dated 15.1.2021

This announcement is dated 15 January 2021.

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MESB Bhd published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 11:31:02 UTC