KUALA LUMPUR: Highway concessionaire SILK Holdings Bhd expects to uplift its status as a financially-troubled PN17 company in two months while its proposed acquisition of AQL Aman Sdn Bhd, which is involved in the oil and gas services business, is expected to be completed by the fourth quarter, according to executive chairman Datuk Muhammad Azlan Hashim.
The proposed acquisition, together with a rights issue and par value reduction, is part of the company’s regularisation scheme which was approved by shareholders yesterday at the company’s adjourned EGM that lasted some three hours.
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