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NewsCI Hldgs climbs on Permanis sale report
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CI Hldgs climbs on Permanis sale report
by hlk Mon 04 Jul 2011, 14:23
CI Holdings Bhd rose 1.9 per cent to RM3.30, its first gain in three days.
Japan’s Asahi Group Holdings Ltd is in talks to acquire Permanis Sdn Bhd from CI Holdings for about US$200 million, a person with knowledge of the matter said.
Permanis is PepsiCo Inc’s bottler in Malaysia. CI Chief Executive Officer Erwin Selvarajah didn’t return calls to his office seeking comment. - Bloomberg
Japan’s Asahi Group Holdings Ltd is in talks to acquire Permanis Sdn Bhd from CI Holdings for about US$200 million, a person with knowledge of the matter said.
Permanis is PepsiCo Inc’s bottler in Malaysia. CI Chief Executive Officer Erwin Selvarajah didn’t return calls to his office seeking comment. - Bloomberg
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