Pricey deal: Malakoff’s unit had entered into a conditional share sale agreement to acquire a 97.37 stake in the waste management company from Hicom Holdings.
PETALING JAYA: The share price of Malakoff Corp Bhd
fell after the announcement that it would acquire Alam Flora Sdn Bhd for RM944.61mil cash from sister company DRB-Hicom Bhd.
Malakoff slid eight sen or 8.17% to close at RM0.95.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
