Pan Malaysia sells PM Securities for RM90mil

PMH said the Securities Commission had approved the proposed acquisition of PM Securities and PCB Asset Management by the purchaser.

PETALING JAYA: Pan Malaysia Holdings Bhd’s (PMH) associate companies Pan Malaysia Capital Bhd and PM Asset Management Sdn Bhd have entered into sale and purchase agreements with NewParadigm Capital Ventures Sdn Bhd, for the disposal of the entire share capital in PM Securities Sdn Bhd, PCB Asset Management Sdn Bhd and Miranex Sdn Bhd, for RM90mil cash.

In a filing with Bursa Malaysia, PMH said the Securities Commission (SC) had approved the proposed acquisition of PM Securities and PCB Asset Management by the purchaser.