Prinsiptek Corp acquired PST Concrete

KUALA LUMPUR: Prinsiptek Corporation Bhd acquired PST Concrete Sdn Bhd (PSTC) for RM400 on August 5, the Group announced in its filing with Bursa Malaysia on Friday, 6 Aug.

“The rationale for the acquisition is with an objective to take over the manufacturing and trading of ready-mixed concrete activities to synergistically fit the PCB Group’s existing core business of construction and property development,” the Group said.

The new subsidiary’s principal activities are manufacturing and trading of ready-mixed concrete.

Prinsiptek Corporation Berhad’s principal activity is construction work. Other activities include developing residential and commercial properties, trading, building materials, providing managerial and secretarial services and investment holding.

The Group operates in Malaysia.
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