The company told Bursa Malaysia yesterday that the acquisition would involve 1.5 million ordinary shares and two class C redeemable preference shares.
It said the acquisition would be completed in two tranches – 750,000 ordinary shares and one class C redeemable preference share upon settlement of a sum of S$17.5mil.
The remaining stake will be transferred to YTL upon settlement of S$22.5mil on a date falling 24 months from the date of the agreement.
By The Star
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