Econframe to acquire IPSB for RM56mil

Quick Summary:

Econframe Bhd is proposing to fully acquire Ivory Pearl Sdn Bhd (IPSB) for a total purchase price of RM56mil, to be settled through a combination of cash and consideration shares.

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The group is purchasing IPSB equities from 10 of the latter’s shareholders.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: AcquisitionDeal BusinessExpansion /Business/Business News Econframe Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 164 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25378986

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 40 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

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News Language: English

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Publisher ID: #22

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