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MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

MULTI-USAGE HOLDINGS BERHAD (“MUH”)

The Board of Directors of MUH announced that the company had on 16 January 2017, received the Originating Summons No.: 24NCVC-38-01/2017 filed at the Penang High Court on 11 January 2017 by Tan Chew Hua and Khoo Yik Chou (“Plaintiffs”) against Ang Kim Cheng @ Ang Teng Kok, Ang Hwei Chyn and Multi-Usage Holdings Berhad (“Defendants”). The salient points of the application, among others, are as follows:-

VOICE OF MSWG

Happy New Year to everyone and we hope our readers celebrated the start of 2017 in good spirits with family and friends. We are delighted to introduce a new column, “Voice of MSWG” to convey our messages and highlight concerns or issues to our readers. As we are now a few days into the new year, it is good to think about what this year may bring us. Despite external volatility last year, the Malaysian Capital Market continued to grow and remained resilient. According to the Securities Commission, this was reflected in Malaysia’s capital raising figures for 2016, which showed that close to RM100 billion was raised through the capital market with RM87 billion in corporate bond issuances and IPOs while the rest was secured through secondary fundraising.

06 January 2017

MSWG’S QUICK TAKE ON-ONGOING CORPORATE DEVELOPMENTS

MULTI-USAGE HOLDINGS BERHAD (“MUH”)

MUH announced on 21 December 2016 that Dato' Abdul Hadi Bin Awang Kechil, Ms Ang Ai Way, Ir Cheah Chin Huat, En Abd Aziz Bin Mat and Mr Tan Choon Heong who were subject for re-election at the 24th Annual General Meeting ("AGM") held on 21 December 2016 had withdrawn their offer for re-election as the Directors of the Company prior to the commencement of the AGM. In view thereof, the Ordinary Resolutions Nos. 1,3,4,5 and 6 as stated in the Notice of AGM dated 29 November 2016 were not put forward for voting.

09 December 2016

MESSAGE FROM THE CEO

When I left the Employees Provident Fund (EPF) in 2009 to take on the position of CEO at the Minority Shareholders Watchdog Group (MSWG), I never would have imagined that I would stay here for eight amazing years.

MSWG’S QUICK TAKE ON ONGOING CORPORATE TRANSACTIONS

AIRASIA BERHAD (“AAB”)

AAB announced that the company and Tune Live Sdn Bhd (“Subscriber”) have entered into a fourth supplemental letter dated 25 November 2016 in respect of the subscription agreement to extend the cut-off date of 26 November 2016 for a further period of sixty (60) days, expiring on 25 January 2017, or such longer period as the Parties may mutually agree in writing.