MUI sells 69% stake in Pan Malaysia Holdings at 12 sen per share
KUALA LUMPUR (Dec 12): Malayan United Industries Bhd (MUI) is selling its 69.192% equity stake in Pan Malaysia Holdings Bhd (PM Holdings) to Datuk Dr Yu Kuan Chon for RM77.124 million cash or 12 sen pe share, in a move to divest its non-core assets and reduce its bank borrowings.