PETALING JAYA: Boustead Holdings Bhd has terminated the shares sale agreement for the acquisition of eight million shares for RM20mil in PCF Engineering Sdn Bhd.
In a filing with Bursa Malaysia, the conglomerate said this was a mutual decision where Boustead and its vendors agreed to not further extend the period to fulfil the conditions precedent that expired yesterday, which had previously been extended to Nov 5 and Dec 15, 2014.
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!