Equities

MESB

MYL7234OO007

Apparel & Accessories Retailers

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
0.445 ^MYR	-1.11%		0.00%	-7.29%

Feb. 29	MESB Berhad Appoints Dr. Norhanim Binti Mat Sari as Independent and Non Executive Director, Effective 01 March 2024	CI
Feb. 28	MESB Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	CI

Trend Navigator Sdn Bhd completed the acquisition of 45% stake in Miroza Leather (M) Sdn. Bhd. from MESB Berhad.

June 15, 2023

Trend Navigator Sdn Bhd agreed to acquire 45% stake in Miroza Leather (M) Sdn. Bhd. from MESB Berhad (KLSE:MESB) for MYR 33 million on September 22, 2022. The Disposal Consideration shall be fully satisfied in cash on the First Completion Date and Second Completion Date. For the year ended June 30, 2022, Miroza Leather (M) Sdn. Bhd. reported revenue of MYR 149.07 million, profit after tax MYR 17.06 million, shareholders' funds of MYR 71.7 million. The Proposals are expected to be completed by the first quarter of 2024. As of November 17, 2022, MESB Berhad Extraordinary General Meeting will be held on December 6, 2022, where transaction approval will be discuss. KAF Investment Bank Berhad and Malacca Securities Sdn Bhd acted as financial advisor to MESB Berhad.

Trend Navigator Sdn Bhd completed the acquisition of 45% stake in Miroza Leather (M) Sdn. Bhd. from MESB Berhad (KLSE:MESB) on June 16, 2023.

Latest news about MESB

MESB Berhad Appoints Dr. Norhanim Binti Mat Sari as Independent and Non Executive Director, Effective 01 March 2024	Feb. 29	CI
MESB Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023	Feb. 28	CI
MESB Berhad Reports Earnings Results for the First Quarter Ended September 30, 2023	Nov. 28	CI
MESB Berhad Announces Resignation of Lim Kee San as Joint Secretary	23-10-09	CI
MESB Berhad Announces Resignation of Tea Sor Hua as Company Secretary	23-10-09	CI
MESB Berhad Appoints Khoo Ming Siang as Company Secretary	23-10-09	CI
MESB Berhad Announces Change of Address	23-10-09	CI
MESB Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023	23-08-29	CI
Trend Navigator Sdn Bhd completed the acquisition of 45% stake in Miroza Leather (M) Sdn. Bhd. from MESB Berhad.	23-06-15	CI
MESB Berhad acquired Formidex Sdn Bhd from Lotus Essential Sdn. Bhd.	23-06-15	CI
Mesb Berhad Appoints Lim Kee San as Joint Secretary	23-06-12	CI
MESB Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023	23-05-26	CI
MESB Berhad Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022	23-02-28	CI
MESB Berhad Appoints Low Koon Min as Chairman of Audit Committee and Independent and Non Executive	23-02-20	CI
MESB Berhad Appoints Low Koon Min as Member of Nomination and Remuneration Committee and Independent and Non Executive	23-02-20	CI
MESB Berhad Appoints Low Koon Min as Chairman of Risk Committee and Independent and Non Executive	23-02-20	CI
MESB Berhad Appoints Low Koon Min as Independent and Non Executive Independent Director	23-02-20	CI
MESB Berhad Announces the Retirement of Tan Yew Kim as Independent and Non Executive Member of Nomination and Remuneration Committee	22-12-06	CI
MESB Berhad Announces the Retirement of Tan Yew Kim as Independent and Non Executive Chairman of Risk Committee	22-12-06	CI
MESB Berhad Announces the Retirement of Tan Yew Kim as Independent and Non Executive Chairman of Audit Committee	22-12-06	CI
MESB Berhad Announces Retirement of Tan Yew Kim as Independent and Non-Executive Director	22-12-06	CI
MESB Berhad Reports Earnings Results for the First Quarter Ended September 30, 2022	22-11-28	CI
MESB Berhad Appoints Wong Yu Perng as Non-Independent and Non-Executive Director	22-09-30	CI
MESB Berhad Appoints Chen, Jianhua as Independent and Non-Executive Director	22-09-30	CI
Trend Navigator Sdn Bhd agreed to acquire MESB Capital & Development Sdn Bhd from MESB Berhad for MYR 3 million.	22-09-21	CI

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Company Profile

MESB Berhad is an investment holding company. The Companyâs segments include Retailing, Investment holding and Waste recycling. Its Retailing segment is involved in the trading and retailing of leather products, apparel and accessories. Its retailing segment maintains licensing and distribution agreements with international licensors and partners as well as house brands. The Retailing segment offers a range of apparels and accessories, such as wallets, purses, handbags, backpacks, belts, and sling bags. Its brand portfolio includes Pierre Cardin, Feraud, Giamax, Jeep, Alain Delon, Giossardi, Tocco Toscano, Crocodile, and Ducati. Its Waste recycling segment is involved in waste recycling business, which includes collecting, sorting, recycling and distribution of scrap and waste materials, such as wastepaper, plastic scrap, and scrap ferrous metal. The sorted and recycled materials are distributed to plastic resin and paper manufacturers as well as other large secondhand scrap dealers.

Sector

Apparel & Accessories Retailers

Calendar

2024-05-22 - Q3 2024 Earnings Release (Projected)

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