Pentamaster to privatise Hong Kong unit

Shareholders will vote on the proposal at the court meeting and EGM on Feb 28.

PETALING JAYA: Pentamaster Corp Bhd has proposed to privatise and withdraw the listing of its Hong Kong-listed subsidiary, Pentamaster International Ltd, from the Hong Kong Stock Exchange.

The proposal also included a special dividend, which would be distributed to shareholders upon the implementation of the privatisation scheme.