KUALA LUMPUR: Malakoff Corp Bhd shareholders have approved the company’s RM944.61mil purchase of 97.37% equity interest in Alam Flora Sdn Bhd, which entails a diversification into environmental-related services.
In a statement, the independent water and power producer said the acquisition was made through its wholly-owned subsidiary, Tunas Pancar Sdn Bhd (TPSB), pursuant to a conditional share sale agreement with DRB-Hicom Bhd’s wholly-owned subsidiary Hicom Holdings Bhd.
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