Ekovest gets govt approval for two links connecting to DUKE
Together, the three links span about 75.
Together, the three links span about 75.
Both Ekovest and Knusford said the extension is from Jan 28 to July 27, 2025, marking the third extension since Ekovest initially entered into a binding heads of agreement in October 2023.
The expected gain from the proposed disposal is RM3.
The six-month extension to Jan 27, 2025 will provide Ekovest and Knusford with additional time to evaluate and deliberate the terms of the definitive agreement for the proposed merger.
The company said its role was to mainly provide horizontal coordination with up to 42 agencies, while the respective agencies under multiple ministries spearheaded the project.
PLS revealed in a bourse filing that the transfer took place on Wednesday and involved 167,731 PLS shares at 95 sen each, for a total of RM159,344.
The group did not declare any dividend for the quarter under review.
Keng Cheng, 62, is nephew to Ekovest’s executive chairman Tan Sri Lim Kang Hoo, who controls about 28% stake in the construction group.
On a segmental basis, Ekovest’s revenue from property development tumbled 86.