Malaysia's DRB-Hicom Defence Technologies (Deftech) has entered into a share sale agreement with the government to acquire a majority stake in state-owned firm Composites Technology Research Malaysia (CTRM).
In a statement to the Bursa Malaysia stock exchange on 12 July, Deftech's parent company DRB-Hicom said that under its agreement with the Ministry of Finance (MoF), Deftech will acquire CTRM for a total cash consideration of MYR298 million (USD94 million).
The transaction will be secured through Deftech's MYR122 million purchase of 466.7 million shares, which represents a 96.78% stake in CTRM, with the remainder held by Malaysian oil and gas company Petronas.
(Jane's)
Ayo anak2 bangsa jangan sampai kalah dg Malaysia dlm mengejar ilmu pengetahuan, para mahasiswa mana baktimu thd NKRI dan baktikan kehidupanmu utk menguasai pengetahuan utk NKRI. Salam...........
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