PETALING JAYA: Citaglobal Bhd
is expanding the scope of its renewable energy and telecommunications business with the acquisition of a 30% stake in submarine cable systems company iFACTORS Sdn Bhd for RM25.2mil.
In a statement, Citaglobal said the deal is expected to be earnings-accretive, with the acquisition coming with a two-year net profit guarantee of RM21mil.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
