Minho (M) (KLSE:MINHO) started the member's voluntary winding up of its dormant unit Lionvest Plantation.
The company appointed Mak Chooi Peng as the liquidator for the dissolution of its unit, according to a Monday Malaysian bourse filing.
The move will not have any material effect on the company's earnings and net assets in 2024.
Shares jumped over 5% in recent trade.
Price (MYR): $0.29, Change: $+0.015, Percent Change: +5.45%
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