General Announcement::DIVESTMENT OF MINING SUBSIDIARIES IN INDONESIA:

Issuer & Securities

Issuer/ Manager
MALAYSIA SMELTING CORP BHD 100
Securities
MALAYSIA SMELTING CORP BHD 100 - MYL5916OO001 - NC9

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Jun-2014 18:35:09
Status
New
Announcement Sub Title
DIVESTMENT OF MINING SUBSIDIARIES IN INDONESIA:
Announcement Reference
SG140602OTHRPNIK
Submitted By (Co./ Ind. Name)
Sharifah Faridah Abdul Rasheed
Designation
Company Secretary
Effective Date and Time of the event
02/06/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Malaysia Smelting Corporation Berhad ( MSC or the Company ) wishes to advise that pursuant to the decision of its Board of Directors ( Board ) to divest all mining subsidiaries in Indonesia as stated in the Company s Annual Report for 2013, the Company has entered into two (2) separate sale and purchase agreements for the disposal of BCL and PT MSCI, respectively.

The rationale for the Proposed Disposals is to cease all mining operations in Indonesia and re-position MSC and its subsidiaries ( MSC Group ) to be more geographically focused in its tin mining and smelting business activities.

Further details on the announcement are set out in the attached file.

This announcement is dated 2 June 2014.

Attachments