Omesti will stop treating Microlink Solutions Berhad as a subsidiary of the Company and will now convert the company to an associated company instead.
This comes following Omesti’s 525,594,972 Microlink shares ownership, representing 49.2% equity interest; and with the changes to the board compositions of both Omesti and Microlink and the re-designation of a director in Omesti announced recently. Omesti will stop treating Microlink as a subsidiary, as it no longer controls the board of directors of Microlink.
Accordingly, Microlink is now a 49.2%-owned associated company of OHB, and consequently an indirect 49.2%-owned associated company of Omesti with effect from 18 July 2022.
