Rohas Tecnic's unit to sell entire 30% stake in Vietnamese firm for RMRM87.14mil

Quick Summary:

KUALA LUMPUR: Rohas Tecnic Bhd's indirect wholly owned subsidiary, RBC Water Sdn Bhd, has entered into a binding term sheet with Korea Water Resources Corp (K-Water) to sell its entire 30 per cent equity interest in Phu My Vinh Construction and Investment Corp (PMV) for RM87.14 million.

The issued share capital of K-Water is approximately RM35.16 billion.

"This strategic move will allow the company to pursue growth initiatives and new investments that enhance long-term shareholder value,” it added.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSouth KoreaVietnam

Topics: Corporate News K-Water Proposed disposal PMV Rohas RBC /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 20:46:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 27083436

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