Pestech gets nod to list unit in Cambodia


In a filing with Bursa Malaysia yesterday, Pectech said it had received a letter of award from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (YTL), under a consortium between SIPP Rail Sdn Bhd and YTL joint venture. It said the contract is related to the electrification system for the electrified double track from Gemas to Johor Baru.

KUALA LUMPUR: Pestech International Bhd has received Cambodia's approval to list its unit Pestech (Cambodia) PLC on the Main Board of Cambodia Securities Exchange.

Pestech, which is involved in power transmission infrastructure, said on Tuesday it had received the approval-in-principle for the proposed listing from the Securities and Exchange Commission of Cambodia (SECC).

The SECC said Pestech Cambodia would have to appoint an independent director, establish an audit committee, a risk management committee and an internal audit unit.

The company would also have to furnish to the SECC the underwriting agreement prior to obtaining the final approval from the SECC on the proposed listing.

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!
   

Next In Business News

ITMAX gets RM105mil DBKL variation order
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
Chinese firms invest in ‘green’ jet fuel
Are MAHB minority shareholders being blindsided?
Maxis gets off to a strong start to the year
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
MFM allocates RM300mil to improve grain, poultry operations
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
Toyota repeatedly halts Mexico plant after suppliers hit by labour shortage

Others Also Read