KUALA LUMPUR: PetroSaudi International Ltd’s effective stake in UBG Bhd will rise to 89.8% after three shareholders agreed to sell their stakes, UBG said in a statement to Bursa Malaysia yesterday.
Concordance Holdings Sdn Bhd, PPES Works (Sarawak) Sdn Bhd and Majestic Masterpiece Sdn Bhd would sell PetroSaudi a total 449.5 million shares in UBG at RM2.50 each, it said.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
