PETALING JAYA: A new major shareholder has emerged in construction outfit Bertam Alliance Bhd
, raising speculation of whether it will be the white knight to rescue the Practice Note 17 (PN17) company.
In a filing with Bursa Malaysia yesterday, Bertam announced that Perfect Link Ventures Sdn Bhd acquired a 12.23% stake or 39.4 million shares via an off-market deal.
Interestingly, the deal was done on Feb 21, although it was only announced yesterday.
With the equity interest of 12.23%, this makes Perfect Link Ventures the new single-largest shareholder of Bertam.
...