Citaglobal to go big in telecoms, RE

KUALA LUMPUR: Citaglobal Bhd, formerly known as WZ Satu Bhd, is aiming for more jobs from the telecommunications and renewable energy (RE) sectors following its acquisition of Citaglobal Engineering Services Sdn Bhd (CESSB).

This comes after 99.99% of the company’s minority shareholders approved its proposed related-party transaction to acquire the entire stake in CESSB from Tiza Global Sdn Bhd for RM140mil through the issuance of 736.84 million new shares at an issue price of 19 sen each.