Khazanah: Acquisition of stake in Pantai Holdings shares completed

KUALA LUMPUR: Khazanah Nasional Bhd said the Share Sale Agreement to acquire a substantial stake in Pantai Holdings Bhd and the establishment of Joint Venture with Parkway Holdings Limited have been completed. 

This follows a media statement dated Aug 28 by Khazanah relating to the conditional Share Sale Agreement entered into between Khazanah, Pantai Irama Ventures Sdn Bhd , Swiss Zone Sdn Bhd (a wholly owned subsidiary of Parkway,) and Parkway on Aug 28 for Pantai Irama to acquire all the shareholdings held by Swiss Zone in Pantai representing approximately 30.4% equity interest in Pantai, and a proposed joint venture arrangement between the aforesaid parties.