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ZELAN Bhd plans to get its shareholders’ nod to sell up to 30 million shares of IJM Corp Bhd at a yet to be fixed price to raise funds for debt repayment and working capital.
It has yet to identify the buyer for the 2.23 per cent block although it could be local or foreign, it said in a statement to Bursa Malaysia.
The shareholders’ meeting is due to be held by the end of December this year.
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