PJBumi Berhad (KLSE:PJBUMI) agreed to acquire PJBumi Marine Sdn. Bhd. from Encik Syed Saadun Tarek Wafa on April 25, 2024.

The advance consideration of MYR 1 will be paid. The Acquisition will be funded by internally generated fund. The deal is subject to financial, business and legal due diligence performed on PJBumi Marine Sdn.

Bhd. The expected date of acquisition is expected to be completed within twelve months from the date of Share sale agreement or three months from the date completion of the Condition Precedent, whichever earlier.