CGB to buy rest of 30% stake in RYRT

KUALA LUMPUR: Central Global Bhd’s (CGB) shareholders have approved the acquisition of the remaining 30% stake, or 600,030 ordinary shares in RYRT International Sdn Bhd for RM13.26mil.

In a statement, CGB said the RM13.26mil purchase consideration would be satisfied through the issuance of 10.2 million new ordinary shares in CGB at an issue price of RM1.30 per consideration share.