Sorry if I've missed the notification, but can someone please confirm if MYL already submitted the investment application form to DICA and subsequently attended the PAT meeting? Reading the chairman's adress to shareholders its seems like everything is submitted and we are just waiting for approval, which I don't believe is the case.It is my understanding that following the PAT meeting, DICA issue the letter of acceptance or rejection within 15 days. If approved/ endorsed it goes to MIC with a MIC meeting 20 days later. Finally another 10 days for MIC to approve and issue the MIC permit. In short, 45 working days after PAT meeting you get your MIC permit. I therefore see the PAT meeting as the start of the MIC process and surely attendance at the PAT would be announced?
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- Ann: Chairman's Address to Shareholders
Ann: Chairman's Address to Shareholders, page-77
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