Global Oriental to acquire 55% stake in Edisijuta

KUALA LUMPUR: Investment holding company Global Oriental Bhd has proposed to acquire 550,000 shares or 55% of Edisijuta Parking Sdn Bhd (Edisijuta) for RM27.5mil cash from Cahaya Impian Sdn Bhd.

In a filing with Bursa Malaysia, the company said the acquisition would enable it to expand its earnings base in the form of a recurrent stable income generated by the car park management and operations business of Edisijuta.