Microlink Solutions Berhad (MSB) today announced a proposed debt settlement agreement with Omesti Berhad, a move that will partially settle a significant outstanding sum owed to MSB. The agreement, signed on June 6, 2025, will see Omesti issue new shares to MSB to clear RM8.5 million of a total RM30 million owed for services rendered.
The “Proposed Settlement” involves Omesti issuing up to 85,000,000 new ordinary shares (Settlement Shares) to Microlink Solutions. The issue price for these shares will be determined and announced by Omesti at a later date, with a minimum price set at RM0.10 per share.
Upon the completion of this proposed transaction, Microlink Solutions is projected to hold approximately 13.59% equity interest in Omesti, based on Omesti’s existing issued shares as of June 5, 2025
