A win-win proposal?
ROAD Builder (suspended at RM3.78) has proposed to sell its 70% stake in RB Land to its 32%-owned associate Econstates (suspended at RM1.14) for RM253.7mil, to be paid via the issue of new Econstates shares at RM1 per share.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!