EcoFirst acquires remaining 49pc stake in BCM Holding for RM78.4mil

EcoFirst acquires remaining 49pc stake in BCM on September 23, 2022

News Excerpt

KUALA LUMPUR: EcoFirst Consolidated Bhd is acquiring the remaining 49 per cent stake in BCM Holdings Sdn Bhd to fully own the 1.69-hectare freehold land in Sungai Besi for RM78.4 million.

A filing with Bursa Malaysia today showed that EcoFirst had signed a conditional share sale agreement with Tan You Tiong for the acquisition.

Upon completion, BCM will become a wholly-owned subsidiary of EcoFirst…