As it was initially agreed, PDZ would acquire 20% of equity in Efogen, comprising 4m shares for MYR 18m ($5.5m).
In a regulatory filing to Malaysia’s stock exchange, PDZ said it did not agree with the final enterprise value of MYR 90m included in the proposed acquisition.
Efogen’s plans to buy four vessels and sign one management contract were questioned by the Malaysian feeder owner, so it pulled the plug.
Following
