The deal with Ken Makmur Holdings was initially clinched in November, at a total cost of $205m.
In an update earlier today to the Malaysian Stock Exchange, PDZ said the LPG investment guarantees operating profit of at least $50m for each year until 2020.
Gross proceeds to be raised by the issuance of shares are around MYR 30m ($8.2m).
A little less than MYR 1m from the proceeds will be used for the construction of the LPG plant, to be completed within 36 months after a date to be mutually agreed by the two sides.
PDZ's
