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CCB boosts stake in CLSB to 90%

KUALA LUMPUR: Crescendo Corporation Bhd (CCB), via its unit Crescendo Development Sdn Bhd (CDSB), has boosted its stake in Crescendo Land Sdn Bhd (CLSB) to 90% by acquiring a 20% stake in the latter for RM250,000.

The group announced on Friday, July 30, that it had acquired the stake, or 24 shares, from CLSB director Datuk Abd Rahman Mohd Yunos on July 29.

CCB said that the acquisition would give it 90% control over CLSB's future projects.
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