POS MALAYSIA PROPOSES RESTRUCTURING.

(From Bernama The Malaysian National News Agency)

from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Oct 31 (Bernama) -- Pos Malaysia & Services Holdings Bhd (PSH) has proposed a restructuring exercise which would involve the transfer of company operations, PSH assets and its listing status to Pos Malaysia Bhd (PMB), a wholly owned subsidiary of PSH

In a statement today, PSH said the exercise would involve the return of RM785 million or RM1.50 per share with excess cash to shareholders of the company

Under the proposed plan, each ordinary PSH share held by …