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PDZ confirms talks on business dealings
by Cals Tue 11 Feb 2014, 01:46
| PDZ confirms talks on business dealings |
| Business & Markets 2014 |
| Written by Jonathan Gan at theedgemalaysia.com |
| Monday, 10 February 2014 18:39 |
KUALA LUMPUR (Feb 10): PDZ Holdings Berhad confirmed news reports that it is holding preliminary talks with some parties to explore potential business dealings.
In a statement to Bursa Malaysia today, the company said: “We confirm that the major shareholder has held preliminary talks with some parties to explore potential business dealing, but we have not at this present time, deliberated the matter at board level, as negotiations are still preliminary.”
The statement was made in reference to media reports.
The Edge Weekly said that the company is currently in talks with a China-based oil and gas player as well as a contractor with Petroliam Nasional Bhd for an asset acquisition exercise.
At market close today, PDZ was the most actively traded counter. It ended at an unchanged share price of 12 sen, with 191.7 million shares traded.
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