Stella Wins Shareholders' Nod in EGM for PTM Acquisition & Strategic Changes
Notably, a significant resolution encompassing the acquisition of Pembinaan Teguh Maju Sdn Bhd ("PTM") was approved unanimously.
- Notably, a significant resolution encompassing the acquisition of Pembinaan Teguh Maju Sdn Bhd ("PTM") was approved unanimously.
- The acquisition of PTM comes with considerable promise and far-reaching implications for Stella.
- Valued at a total purchase consideration of RM380.0 million, PTM will become a wholly-owned subsidiary of Stella.
- After the conclusion of the EGM, Datuk Benson Lau, Managing Director of Stella, commented with enthusiasm: "Our unanimous decision to acquire PTM marks a pivotal moment for Stella.