PDZ confirms expansion plan, shareholder in talks with potential parties

PETALING JAYA: Shipping firm PDZ Holdings Bhd has said its major shareholder and former chairman Tan Sri Robert Tan Hua Choon is in discussions with potential parties to expand its core business.

“We confirm that the major shareholder has held preliminary talks with some parties to explore potential business dealings, but we have not, at this present time, deliberated the matter at board level, as negotiations are still preliminary,” the company said in a filing with Bursa Malaysia.