PETALING JAYA: Paramount Corp Bhd
has become a major shareholder of Eco World International Bhd (EWI) after acquiring a 21.54% stake in EWI for RM170.61mil cash.
In a filing with Bursa Malaysia, Paramount said its wholly owned subsidiary, Flexsis Sdn Bhd acquired 517 million shares, or 21.54% equity interest in EWI via a direct business transaction.
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