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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaSouth KoreaVietnam

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 20:46:00 (13 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

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 27083436

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 16 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions