Focal Aims stake to pave way for Eco World RTO?

PETALING JAYA: Little-known Focal Aims Holdings Bhd has emerged as the most likely candidate for a reverse takeover (RTO) of Eco World Development Sdn Bhd, disproving earlier theories that Salcon Bhd would be used as the vehicle for Tan Sri Liew Kee Sin’s comeback post-SP Setia Bhd.

Johor-based Focal Aims told the stock exchange yesterday that its major shareholders had inked a conditional share sale pact with Eco World Development Holdings Sdn Bhd (EWDH) and Liew Tian Xiong for 164.78 million shares at RM1.40 apiece, valuing the exercise at RM230.69mil.