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Seni Jaya is buying over Ganad Media to grow its advertising footprint. The deal is worth RM5 million, with RM3 million paid in cash and the remaining RM2 million settled by issuing about 4.95 million new shares at 40.4 cents each
Ganad Media owns around 60 billboard sites across Klang Valley, Perak, Penang, Kedah, Pahang, and Terengganu. With this acquisition, SJC will be able to increase its presence and grow even bigger in the local market
