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MPDL Ltd is seeking shareholder approval via postal ballot to expand its business scope by adding a new sub-clause to its Memorandum of Association. The new clause would allow the company to provide maintenance, repair, upkeep, operation and management services for buildings, complexes, infrastructure, plants, machinery, equipment, and other assets, including electrical, mechanical, civil, and housekeeping services - for both its own assets and third parties. The existing Object Clause does not cover these activities. Voting period runs from April 3, 2026 to May 2, 2026, with results expected by May 5, 2026. This requires a Special Resolution (75% approval threshold). The Board recommends passing this resolution as it is in the best interests of the company and its members.
Shareholders should note this represents a potential diversification or new revenue stream for MPDL Ltd into facility management and maintenance services. This broadens the company's operational horizon beyond its current activities. Approval would enable the company to formally enter this business segment, though the financial impact remains uncertain pending actual business plans.