Pan Malaysia Corporation has announced that it had completed the acquisition of f&B chain A&W from Inter Mark for RM41.6 million.
The acquisition was for the share it did not already own, the company has fully paid the cash consideration of RM41,672,757 to Inter Mark, and upon allotment and issuance of 111,127,352 consideration shares to Inter Mark, Inter Mark will transfer all 30,380,000 A&W shares to the Pan Malaysia.
The company said it will allot and issue 111,127,352 consideration shares to Inter Mark within 8 market days from the completion date.
