UNITED Malayan Land Bhd (UM Land) sees good growth potential ahead for the company with the coming on board of its new major shareholder, Wawasan Perangsang Mewah Sdn Bhd (WPM), said chief executive officer Datuk Syed Hamid Alhabshee.
WPM has entered into a sale and purchase agreement with Pernas International Holdings Bhd to acquire Pernas' 57.153 million ordinary shares, representing a 24.67% equity stake in UM Land for RM131.45mil.
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!