MY Dealbook: PRG to pick 29.9% in Capital World; AkzoNobel buys Colourland Paints

MY Dealbook: PRG to pick 29.9% in Capital World; AkzoNobel buys Colourland Paints

Kuala Lumpur, Malaysia. Photo: Pixabay

While Bursa-listed PRG Holdings Bhd is looking to buy up to 29.9 per cent stake in Catalist-listed property developer Capital World, global paints and coating company AkzoNobel has acquired Malaysia-based paints and coatings manufacturer Colourland Paints Sdn Bhd.

PRG to pick 29.9% in SG-listed Capital World

Bursa-listed PRG Holdings Bhd has entered into a non-binding memorandum of understanding (MoU) with Catalist-listed property developer Capital World with plans to subscribe up to 29.9 per cent stake in the latter, it said in a stock filing today.

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