PDZ shareholding changes

Kuala Lumpur: After hawking around for a few weeks Pelaburan Mara Bhd has disposed of a 14.73% stake in Malaysian domestic liner PDZ Holdings to Megalink Industries. Pelaburan Mara had in recent weeks said a number of parties were interested in acquiring a stake in the liner.

PDZ said Pelaburan Mara had on Monday signed a share sale agreement with Megalink to sell the stake, comprising of 128.02m shares. After the share both companies will hold a 14.73% stake in the local liner firm.

Pelaburan Mara had sold an initial 5m shares in PDZ on August 11.  [08/09/14]

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