PDZ plans to expand into Indonesia via joint venture


PETALING JAYA: PDZ Holdings Bhd, which is currently undertaking a rights issue to raise RM43mil, plans to expand into the Indonesian maritime logistics solutions market through a joint venture.

In a filing with Bursa Malaysia yesterday, PDZ said it had entered into a memorandum of understanding with PT Indonesia Bulk Carrier (IBC) to collaborate on the provision of maritime logistics solutions for the Malaysian and Indonesian shipping industries.

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