Ancom to sell 40% stake in PBSB for RM9.6mil

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

PETALING JAYA: Ancom Bhd has proposed to sell a 40% stake in Puncak Berlian Sdn Bhd (PBSB) for RM9.6mil.

In its filing with Bursa Malaysia, Ancom said its wholly owned subsidiary – Redberry Sdn Bhd – had entered into a share sale agreement (SSA) with VGI Global Media (M) Sdn Bhd for the disposal of 6.85 million shares, or a 40% stake, in PBSB, which focuses on the media and advertising business, last week.