MAS shares jump on news of possible Prime Kapital deal
The acquisition of Prime Kapital’s interest in PKM Development would terminate the companies’ development joint venture arrangements
26 November 2024 - 11:00
Shares in MAS Real Estate jumped almost 6% in early trade on Tuesday after it said it has entered into negotiations with Prime Kapital regarding the acquisition of Prime Kapital’s 60% interest in PKM Development.
If concluded successfully, the acquisition would effectively terminate the development joint venture (DJV) arrangements, with MAS and Prime Kapital continuing their respective investment strategies independently from one another...
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