PDZ set to get new major shareholder
Loss-making: The Main Market-listed PDZ is a smallish company, with a market capitalisation of approximately RM39mil. The container shipper has been languishing in the red since 2013 as a result of weak operational performance.
Entry of new player expected to happen as Pelaburan Mara prepares to exit shipper
A Singapore-based company controlled by Malaysians is expected to emerge as the major shareholder in loss-making PDZ Holdings Bhd as Pelaburan Mara Bhd (PMB) prepares to exit the little-known container shipper.
A source tells StarBizWeek that the entry of the new shareholder will happen after the completion of PDZ’s rights issue exercise on Jan 22.
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