Eco World, individual to acquire Focal Aims
Eco World Development Holdings Sdn Bhd and an individual (buyers) have signed a conditional share sale agreement with various shareholders of Focal Aims Holdings Bhd to acquire 65.05 per cent stake in the company for RM230.69 million.
In a filing to Bursa Malaysia today, Focal Aims said upon the completion of the acquisition, the buyers will become its new controlling shareholders and will be obligated to extend a mandatory general offer to the shareholders of the company.
As at 3.38pm, Focal Aims' share price stood at RM1.24, up by 33 sen with 1.3 million shares traded. It opened at RM1.16.-- Bernama