Pecca shelves plan to diversify into healthcare

KUALA LUMPUR: Pecca Group Bhd will not pursue diversification into healthcare at this time after shareholders scrapped its proposed RM100mil stake purchase in Rentas Health Sdn Bhd.

The vehicle leather upholstery manufacturer said it had rescinded the proposed acquisition of 51% equity interest in Rentas Health to seek different methods of collaboration by entering into a Mutual Rescission and Release Agreement with the latter.