GFM acquires entire stake in Era Gema

PETALING JAYA: GFM Services Bhd has entered into a share sale agreement for the proposed acquisition of a 100%-stake in Era Gema Bina Sdn Bhd for RM23mil.

In a filing with Bursa Malaysia, the integrated facilities management service provider said the acquisition will enable the group to develop, operate and maintain the rest and service area (RSA) at Sungai Muda, Penang, situated along the Northbound lane of the PLUS Malaysia Bhd North-South Expressway.

Era Gema has been awarded the rights by the Malaysian Highway Authority to undertake the proposed development of an RSA on a 1.74 ha land located at Sungai Muda, Penang.

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

Next In Business News

Securities Commission releases revised anti-money laundering guidelines
Ringgit ends lower versus US dollar
MAA expects targeted diesel subsidy to have insignificant impact on vehicle sales
Proton recognised for excellence at Asean NCAP Grand Prix Awards 2024
PPB Group is major shareholder of Techbond Group
BHIC bags RM1.1bil contract from MinDef
Bursa Malaysia dips as nearly 700 stocks fall
World Bank raises China's GDP growth forecast
US jobless claims rise to highest in 9 months, led by California
Oil prices set for best week in over 2 months on demand outlook

Others Also Read