Pecca buys 80% in GMK for RM1.88mil


PETALING JAYA: Pecca Group Bhd has completed the acquisition of an 80% stake in PT Gemilang Maju Kencana (GMK) from PT Multi Berjaya Asindo, CSC Automotive Sdn Bhd and Tan Kim Cheang for RM1.88mil cash.

In a filing with Bursa Malaysia yesterday, the automotive upholstery supplier said GMK’s principal business activity was the supply of upholstery leather wrapping and seat cover for the automotive industry in Indonesia.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Pecca , acquisition , GMK , completion , expansion

Next In Business News

Conflict sows fertiliser shock
Oil falls by almost 10% after Iran FM declares Strait of Hormuz open
Iran's foreign minister says Hormuz Strait is open during ceasefire
SC explores cross-border opportunities with China
Inari terminates Lumileds acquisition after US blocks deal on security concerns
Auditors flag going concern risk at Lien Hoe
Malaysia’s economy remains robust, well supported by E&E sector, domestic demand
Aizo secures Bursa approval for multi-exercise corporate plan
MICCI urges clear government-industry communication amid Middle East shipping risks
Bina Puri secures RM156.45mil Sarawak road contract

Others Also Read