PETALING JAYA: Malayan United Industries Bhd
(MUI) is proposing to sell its 69.192% stake in Pan Malaysia Holdings Bhd (PMH) to low-profile investor Datuk Yu Kuan Chon for RM77.12mil.
In a filing with Bursa Malaysia yesterday, MUI, involved mainly in hotel and retailing, said that its subsidiaries, Acquiline Sdn Bhd, Loyal Design Sdn Bhd, Malayan United Management Sdn Bhd, MUI Media Ltd, MUI Property Services Sdn Bhd and Megawise Sdn Bhd, had entered into a shares sale agreement with Yu for the disposal of 642.7 million ordinary shares representing 69.192% of the issued and paid-up share capital of PMH.
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