Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
This deal solidifies the supply chain and sets Lagenda up for even stronger growth ahead. Very steady move to own the construction process and scale up their affordable housing empire.
Having its own construction arm is super solid because it means better cost control and faster delivery for their projects. This move definitely sets them up for much stronger margins ahead, so no need to worry about the long term.
No, not RM543.16 million cash, most of the consideration is in Epicon shares, RCPS and debt assumption. Lagenda still remains the controlling shareholder of Epicon, so it's more of a value-unlocking restructuring than a cash disposal
