KUALA LUMPUR: PLS Plantations Bhd
’s major shareholder Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ) has agreed to sell 76.5 million shares at RM1.21 each to Iskandar Waterfront Holdings Sdn Bhd (IWH).
In a filing with Bursa Malaysia, PLS said it had received a notification from KPRJ informing that the latter had entered into a share sale agreement with IWH, whereby the latter would acquire 76.5 million shares of 20 sen each in PLS for RM1.21, being 5 sen premium to the five-day weighted average share price.
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