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

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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.

 

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