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Malaysia’s Microlink Solutions redeems some preference shares
By Marisa Wong
Morgantown, W.Va., March 29 – Microlink Solutions Bhd. said it redeemed 8 million of its redeemable preference shares for a total of RM 8 million on Tuesday.
The shares were redeemed at a price of RM 1.00.
The company said it used internal funds for the redemption.
Following the redemption, 27,193,044, or RM 271,930.44, preference shares will remain outstanding.
The company said the redemption is expected to result in interest savings of about RM 2.28 million.
The software developer is based in Petaling Jaya, Malaysia.
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