PETALING JAYA: Two relatively small companies, Johor Land Bhd (JLand) and Progressive Impact Corp Bhd (Picorp), announced separate merger and acquisition (M&A) deals yesterday, as the stock market started the Year of the Rat on a quiet note.
Property developer JLand said it planned to pay RM15mil for a 51% stake in Winsdor Trade Holdings Sdn Bhd, a company that had secured a 30-year concession to operate a barter trade terminal to be built in Sandakan, Sabah.
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