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MIECO (5001) - Purnama Kuantum buys 56% stake of Mieco Chipboard


Tuesday, 27 January 2015

 KUALA LUMPUR: Purnama Kuantum Sdn Bhd has emerged as the single largest shareholder of Mieco Chipboard Bhd with a 56.76% stake.

A filing with Bursa Malaysian on Tuesday showed Purnama Kuantum had bought the stake, comprising of 119.19 million shares from Ambang Sehati Sdn Bhd and BRDB Developments Sdn Bhd.

The company had signed a conditional letter of agreement on Jan 21 with Ambang Sehati and BRDB for the proposed purchase of the shares.

Datuk Mohamed Moiz J.M. Ali Moiz is deemed to have an indirect interest in the Mieco shares via his 33.3% equity interest in Purnama Kuantum.

 http://www.thestar.com.my
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