News in brief

Atlan Holdings Bhd

has entered into a conditional share sale and purchase agreement to acquire the remaining 30% of the issued and paid-up ordinary share capital of Atlan Properties Sdn Bhd (APSB) and remaining 0.15% of the issued and paid-up redeemable convertible preference shares (RCPS) of APSB for RM25mil cash. 

Atlan Holdings presently holds 70% of APSB and also holds, inter alia, 99.85% of the total outstanding RCSP in APSB. APSB's principal asset is its 32% equity interest in Naluri Corp Bhd.