KUALA LUMPUR: Bina Puri Holdings Bhd
has launched a reverse take-over on ACE Market-listed Oriented Media Group Bhd (OMedia) via the injection of asset from an Indonesian power generation company.
The asset being injected into OMedia is an 80% stake in PT Megapower Makmur, valued at RM19.2mil which will give Bina Puri’s 100% unit Bina Puri Power Sdn Bhd 55% of OMedia. OMedia is paying for the asset via the issuance of 192 million new OMedia shares at a price of 10 sen each.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
