PLS shareholder selling 76.5mil shares

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.