PUC revises RM100mil acquisition of Alevate Solutions with share issuance scheme

PUC group managing director and chief executive officer Cheong Chia Chou

KUALA LUMPUR: PUC Bhd has revised the proposed acquisition of Alevate Solutions Sdn Bhd for a total consideration of RM100mil together with an implementation of a share issuance scheme (SIS).

In a statement, PUC said the acquisition will be settled through the issuance of 800.0 million new ordinary shares in PUC at 12.5 sen per share.