PMC to acquire remaining shares in A&W Malaysia for RM69.45mil

KUALA LUMPUR: Pan Malaysia Corporation Bhd (PMC) has proposed to acquire the remaining 49 per cent equity interest in fast-food chain operator A&W (Malaysia) Sdn Bhd from Inter Mark Resources Sdn Bhd, comprising 30.38 million ordinary shares, for RM69.45 million.

In a filing with Bursa Malaysia today, it said the exercise is to be satisfied via a combination of a cash payment of RM41.67 million and the issuance of 111.13 million ordinary shares in PMC at an issue price of 25 sen per consideration share.