Pantech

Pantech Group Holdings Bhd (KL:PANTECH) plans to list its two wholly-owned subsidiaries, Pantech Stainless & Alloy Industries and Pantech Steel Industries, on the main board of Bursa Malaysia through a special purpose vehicle (SPV) named Pantech Global Bhd. This listing will unlock value for Pantech and grant shareholders equity participation in the SPV. As part of this process, the SPV will acquire these subsidiaries by issuing new shares, with a total value of 0.29388 billion ringgit. Following the acquisition, Pantech Global will undergo an IPO, issuing 30.85% of its shares.