GOB to buy remaining 45% stake in EPSB

PETALING JAYA: Investment holding company Global Oriental Bhd (GOB) has proposed to acquire the remaining 45% equity interest in Edisijuta Parking Sdn Bhd (EPSB) that it does not already own for RM22.5mil cash from Cahaya Impian Sdn Bhd.

Upon completion of the proposed acquisition, GOB will hold 100% equity interest in EPSB and EPSB will become a wholly owned subsidiary of GOB.

In October last year, GOB acquired a 55% stake in EPSB for RM27.5mil to expand its earnings base from the recurrent stable income generated by the car park management business.