GFM Services in RM9mil Atmajaya buy


PETALING JAYA: GFM Services Bhd has entered into a share sale agreement with Ahmad Nasri Abdul Gani for the acquisition of 100% equity interest in Atmajaya Arvino Sdn Bhd for RM9mil.

In a filing with Bursa Malaysia, GFM Services noted Atmajaya Arvino was on May 27, 2022 awarded the rights to develop a rest and service area (RSA) along the Kuala Lumpur-Karak Expressway near Bentong.

“The acquisition is a move to deepen GFM’s presence in the highway RSA business and tap into the growing demand for highway services in Malaysia,” the group said.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Hiap Teck subscribes for new shares in Eastern Steel for RM53.24mil
LB Aluminium 2Q net profit tumbles 64.6% to RM12.3mil
JD.com accuses wealth manager Noah of ensnaring it in years of ‘malicious lawsuits’ as fraud case moves to Shanghai court
Ringgit lower against US dollar for second consecutive day
HeiTech Padu bags RM37mil contract from MoH
Tropicana sells W KL hotel to IOI PFCC, Flora Development for RM270mil
MPI's unit to halt leadframe manufacturing by January 2024
Gamuda wins RM1.77bil contract from Singapore LTA
FBM KLCI extends losses to third straight day
Malaysia attracted RM225bil of approved investments in first nine months of 2023

Others Also Read