PETALING JAYA: IJM Corp Bhd
is acquiring a 44.83% stake in Pestech International Bhd for RM124mil or 15.5 sen per share via a subscription to a restricted issue.
In a statement, IJM Corp noted the investment aligns with its growth strategy to expand its business into an adjacent vertical since divestment of its stake in IJM Plantations Bhd in September 2021.
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