PETALING JAYA: DRB-HICOM BHD
has entered into a share sale and purchase agreement with Enigma Permata Sdn Bhd (EPSB) to acquire the remaining 49% stake in Media City Ventures Sdn Bhd (MCVSB) it did not own for RM100mil cash.
In a filing with Bursa Malaysia, the diversified conglomerate said the remaining shareholding comprised 49,000 ordinary shares in MCVSB from EPSB.
DRB-HICOM had on Dec 18,2015, completed the acquisition of 51% interest in MCVSB, or 51,000 ordinary shares, from EPSB for RM85.7mil.
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