Pekat to acquire 60% stake in Apex Power for RM96mil

Quick Summary:

KUALA LUMPUR: Pekat Group Bhd’s subsidiary, Pekat Teknologi Sdn Bhd (PTSB), plans to acquire a 60 per cent stake in Apex Power Industry Sdn Bhd through the purchase of 75,000 shares for RM96 million in cash.

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The company expects this new segment to provide an additional revenue stream, positively impacting the group’s earnings.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Pekat Corporate News Apex Power PTSB /Business/Business News Solar energy Share

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 14:42:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21882857

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 46 posts per day

Year Established: 1971

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