Power Root Bhd to buy stake in PRMF

New Straits Times - - Business -

KUALA LUMPUR: Power Root Bhd is ac­quir­ing three or­di­nary shares, or six per cent stake, in Power Root ME FZCO (PRMF) from Chay Hock Chang for RM9.2 mil­lion. In a fil­ing to Bursa Malaysia, Power Root said PRMF was al­ready its ex­ist­ing 91 per cen­towned sub­sidiary. It said PRMF was in­cor­po­rated in Jebel Ali Free Zone as a re­sult of Power Root Group’s strat­egy to ex­pand its op­er­a­tions and dis­tri­bu­tion net­work to the United Arab Emi­rates and Mid­dle East and North Africa (MENA) re­gions.

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