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NewsSilver Bird no longer Maxis distributor
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Silver Bird no longer Maxis distributor
by hlk Fri 16 Mar 2012, 22:49
PETALING JAYA: Financially troubled bread and confectionary maker Silver Bird Group Bhd has been terminated as a distributor of Maxis Bhd's prepaid cards.
Silver Bird said in an announcement with Bursa Malaysia that Maxis notified Stanson Marketing Sdn Bhd, a Silver Bird subsidiary, that its distribution agreement has been terminated. Silver Bird is seeking legal advice on the matter.
Meanwhile, a separate filing with the stock exchange showed that 50,000 Silver Bird shares belonging to suspended managing director Datuk Jackson Tan, amounting to 0.01% of the company's total issued shares, were forced-sold at 21 sen per share.
Silver Bird said in an announcement with Bursa Malaysia that Maxis notified Stanson Marketing Sdn Bhd, a Silver Bird subsidiary, that its distribution agreement has been terminated. Silver Bird is seeking legal advice on the matter.
Meanwhile, a separate filing with the stock exchange showed that 50,000 Silver Bird shares belonging to suspended managing director Datuk Jackson Tan, amounting to 0.01% of the company's total issued shares, were forced-sold at 21 sen per share.
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