KUALA LUMPUR: Global Oriental Bhd
(GOB) has entered into a conditional share sale and purchase agreement (SPA) to acquire 450,000 ordinary shares in Edisijuta Parking Sdn Bhd (EPSB) for RM22.5 million.
The SPA was signed between GOB and Edisijuta Sdn Bhd (ESB) and Cahaya Impian Sdn Bhd (the sellers) to acquire an equity interest in EPSB not already owned by the group, where the initial acquisition of 55 per cent equity interest in EPSB was completed on Dec 6, 2023.
"Upon completion of the proposed acquisition, GOB will hold 100 per cent equity interest in EPSB and become a wholly-owned subsidiary of GOB accordingly,” said the group in a filing with Bursa Malaysia today.
GOB has also proposed to diversify its existing principal activities to include the business of car park operations management. - Bernama
