KUALA LUMPUR, Oct 26 (Bernama) -- Citaglobal Bhd has entered into a conditional agreement to sell its entire 20 per cent stake in Manjaran Sdn Bhd to Berjaya Property Bhd (BProperty) for RM50 million, which will be fully paid in BProperty shares.
Business : Citaglobal To Divest Entire 20 Pct Stake In Manjaran To BProperty For RM50 Mln In Shares
Citaglobal, agreement, divestment, Manjaran, BP
BE Bernama 
Key takeaways
Citaglobal plans to sell its 20% stake in Manjaran to BProperty for RM50 million in shares.
- Citaglobal will sell 1.6 million shares in Manjaran to BProperty.
- BProperty will issue 178.57 million shares at 28 sen each.
- The deal could generate a one-off gain for Citaglobal in 2027.
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