Pecca Group to take over Rentas Health for RM100m as it eyes healthcare business | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

KUALA LUMPUR, Aug 2 — Pecca Group Bhd has proposed to acquire 204,000 ordinary shares, or a 51 per cent equity stake in Rentas Health Sdn Bhd, for RM100 million. This comes as the company plans to go into healthcare-related businesses. Pecca told the stock exchange that the purchase consideration...

Monday, 02 Aug 2021 08:42 PM MYT

“The proposed acquisition will enable the group to extend its product range and provide additional revenue stream as currently, Rentas Health is the distributor for two facemask brands, namely Rentas Health and Callie as well as an appointed agent for BioSewoom coronavirus test kits. Managing director Datuk Teoh Hwa Cheng said Pecca must be quick to acknowledge that business conditions have significantly changed because of the Covid-19 pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sarawak govt teams up with Kenanga Investment, Revenue Group for digital banking licence | Malay MailKUALA LUMPUR, Aug 2 — SSG Digital Resources Bhd, a special purpose vehicle for a consortium comprising the Sarawak government, Revenue Group Bhd and Kenanga Investment Bank Bhd, has submitted its application for a digital banking licence from Bank Negara Malaysia (BNM). This...
Source: malaymail - 🏆 1. / 86 Read more »

Sarawak govt teams up with Kenanga Investment, Revenue Group for digital banking licence | Malay MailKUALA LUMPUR, Aug 2 — SSG Digital Resources Bhd, a special purpose vehicle for a consortium comprising the Sarawak government, Revenue Group Bhd and Kenanga Investment Bank Bhd, has submitted its application for a digital banking licence from Bank Negara Malaysia (BNM). This...
Source: malaymail - 🏆 1. / 86 Read more »