New substantial shareholder emerges in PN17 Bertam Alliance

PETALING JAYA: A new major shareholder has emerged in construction outfit Bertam Alliance Bhd, raising speculation of whether it will be the white knight to rescue the Practice Note 17 (PN17) company.

In a filing with Bursa Malaysia yesterday, Bertam announced that Perfect Link Ventures Sdn Bhd acquired a 12.23% stake or 39.4 million shares via an off-market deal.