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]