PETALING JAYA: PJBumi Bhd
, a waste management solutions service provider, is proposing to dispose its entire 15.79% stake or 12 million shares in Alam Flora Sdn Bhd to DRB-Hicom Bhd for RM20.4mil cash that support its efforts to reduce bank borrowings and for working capital.
The share sale agreement was undertaken by PJBumi Waste Management Sdn Bhd and Hicom Holdings Sdn Bhd wholly-owned subsidiaries of PJBumi and DRB-Hicom respectively.
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