EcoWorld International has announced that a wholly-owned subsidiary of Paramount Corporation Berhad, Flexsis Sdn Bhd, has acquired 517,000,000 of its ordinary shares, representing a 21.54% equity interest. The company’s share price closed at RM0.36 today.
EcoWorld Chairman Cheah Tek Kuang welcomed Paramount as a new investor in the company, acknowledging and appreciating the contributions made by Guoco Group since the listing of EcoWorld International.
He assured that the acquisition will not affect the company’s business operations and that they will continue to monetise their inventories with the aim of distributing the excess cash to shareholders as previously announced.
