MALAYSIAN PLANTATIONS BHD said its indirect wholly-owned subsidiary Alliance Merchant Bank has subscribed for 12.35 mil shares in Abric Bhd, representing a 12.47% stake. The stake, together with 12.35 mil warrants, cost RM5.98mil.
In a statement to Bursa Malaysia, the company said it became a substantial shareholder of Abric with effect from May 3. – AFX-Asia
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
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!