PJBumi Berhad announced that the acquisition of 100% equity interest in PJBumi Marine Sdn. Bhd. (f.k.a Safinat Harbia Sdn. Bhd.) is to be aborted and handover back to the previous owner.
The Company had performed the due diligence on the financial statement which shows the company as being dormant with negative Net Tangible Asset of RM 5,590.40
The Unaudited Management account PMSB as at 30 June 2024 had recorded revenue of RM 280,726.17 and loss before tax of RM 229,352.08. The Net Tangible Asset of PMSB as at 30 June 2024 is negative RM 134,942.48
Based on the due diligence findings, the company proposed that the final acquisition to be aborted and handover and not to consolidate PMSB to the Group financial statement for financial period 30 June 2024.
