MUI Group's PMC to buy 51% stake in A&W Malaysia

KUALA LUMPUR (Bernama) -- Pan Malaysia Corporation Bhd (PMC) has proposed to acquire a 51% share in A&W (Malaysia) Sdn Bhd from Inter Mark Resources Sdn Bhd for RM21.04 million.

In a filing with Bursa Malaysia today, PMC said the acquisition would be satisfied via a combination of cash amounting to RM11.57 million and a transfer of 63.11 million PMC shares.