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.

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

Next In Business News

ISF Group IPO oversubscribed by over 31 times
Dayang subsidiary to purchase marine vessel for RM117.7mil
Ringgit eases slightly against greenback on caution amid renewed US-EU tariff tension
Maybank launches ROAR30 strategy plan, targets 13-14% ROE by 2030
Mitrajaya accepts RM42.81mil fourth variation order for data centre project
PJBumi acquires drilling rigs for RM162mil
Manforce secures Bursa approval for ACE Market IPO
Ancom Nylex reports higher 2Q net profit
One Gasmaster IPO oversubscribed 25.24 times ahead of ACE Market debut
Broad-based selling drags FBM KLCI below 1,700 for third straight day

Others Also Read