IJM Corp to acquire 45% stake in Pestech for RM124mil

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.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Subscribe 
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Report it to us.

Next In Business News
Thai Q1 GDP grows 1.5% y/y, above forecast
Ringgit stages small rebound boosted by US Fed rate cut prospects
Foreign investors stay net buyers on Bursa Malaysia at RM873.9mil
Arka shares jump 10% to one-year high
FBM KLCI starts week strong on rate cut hopes, Q1 GDP boost
Trading ideas: Maxis, ITMAX, PIE, MFM, PPB Group, Epicon, NationGate, GIIB
S&P profit recovery revs up on Big Tech and strong consumer run
S P Setia poised for record-breaking earnings
InvestSarawak, Marubeni ink MoU for commercial-scale aviation fuel
VW, Renault end talks to develop affordable EV

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.