SMRT zooms in on three investors


SMRT founder, chairman and chief executive officer Tan Sri R. Palan(filepic) will take the lead in steering Minda Global.

PETALING JAYA: Education and workforce solutions provider SMRT Holdings Bhd has identified three strategic parties to place out 210 million shares at 20 sen each in a deal worth RM42mil.

This will fulfill one of the key conditions precedent requirements for Asiamet Education Group Bhd to complete its acquisition of CUCMS Education Sdn Bhd (CESB) from SMRT, said a source.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , SMRT , Minda , Palan , shares , college , Masterskill , Asiamet ,

   

Next In Business News

Banks unveil plan to increase capital
RCE Cap to benefit from civil servant salary hike
Bursa Malaysia likely to trade range-bound with upside bias this week
The Week Ahead
Westports poised to register steady earnings
Press Metal begins supply to China firms
Malaysia Smelting Corp earnings set to rise
Enhancing accountability in ESG reporting can boost credibility of firms
EV production keeps demand for copper high
EV maker Zeekr set to raise US$368mil from IPO

Others Also Read