GLCs take up stakes in Reach

By TEE LIN SAY

Reach Energy Bhd MD Shahul Hamid Mohd Ismail

IN a monumental move, government-linked investment companies (GLICs) Lembaga Tabung Haji (LTH), Koperasi Permodalan Felda Malaysia Bhd and Pelaburan Mara Bhd have taken stakes in special purpose acquisition company (Spac) Reach Energy Bhd, which is slated to be listed sometime in August.

LTH will in fact be a cornerstone investor.

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Business , Reach , Tabung , Haji

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