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19 December 2024

Our Partner, Chin Lit Fwu, together with Associate, Tyler Chan Xin Han from the Corporate/ Mergers & Acquisitions and Capital Markets Practice Group have advised and acted for PTT Synergy Group Berhad (“PTT”) in the disposal of the 70% equity interest its subsidiary Heap Wah Barakah Sdn Bhd for RM15.0 million.


PTT, a leading construction company in Malaysia specialising in earthworks and infrastructure works, is of the opinion that it is an opportune time to undertake the proposed disposal as part of PTT business strategy to streamline and re-align entities within the PTT Group in order to create a leaner and efficient corporate structure.

We are delighted to have had the opportunity to work with and assist PTT Group for this proposed disposal.

The Bursa announcement can be accessed at, HERE.
This deal update was also reported in The Edge, HERE.


For more insight into this area of law, please contact our Partners in the Corporate/Mergers & Acquisitions practice group:
Jerry Ong Kok Wah
Cathryn F L Chay
David Lee Lai Huat

Chin Lit Fwu


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