Central Global to acquire 70% stake in RYRT International

KUALA LUMPUR: Central Global Bhd subsidiary CIC Construction Sdn Bhd has entered into a sale and purchase agreement for the acquisition of 1.4 million shares or 70% stake in RYRT International Sdn Bhd for RM30.1mil in equity.

In a bourse filing, Central Global said the stake acquisition from RYRT Holdings Sdn Bhd will be wholly satisfied via the issuance of 28.84 million new shares in Central Global at an issue price of RM1.04 per consideration share.