PETALING JAYA: Pan Malaysia Corp Bhd
(PMC) is cooking up plans for 2025 as the company focuses on expanding the A&W franchise after acquiring the remaining 49% stake from Inter Mark Resources Sdn Bhd in a related party transaction for RM69.45mil through a combination of RM41.67mil in cash and the issuance of 111.13 million new PMC shares at 25 sen per share in April 2024.
Initially involved in the manufacturing, export, distribution of chocolate and confectionery products, PMC’s focus shifted to the fast food industry following the acquisition of a 51% stake in the franchise for RM21.04mil in 2021.
