PETALING JAYA: Gagasan Nadi Cergas Bhd
(GNCB) will be enhancing its concession and facility management operations while further strengthening its student hostel asset management through a proposed strategic acquisition of a concession valued at RM185mil.
In a statement, the construction and property group said it will undertake a corporate exercise to gain full control of Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses, by acquiring the two shareholders in KPSSB, namely Serata Ehsan Sdn Bhd (SESB) and Seri Delima Anggun Sdn Bhd (SDASB).
