Puncak Niaga enters palm oil sector

PETALING JAYA: Puncak Niaga Holdings Bhd has acquired two new wholly owned subsidiaries Aneka Suriamas Sdn Bhd and Pujian Bayu Sdn Bhd for expansion into the oil palm plantation sector.
In a filing with Bursa Malaysia yesterday, the group said Aneka Suriamas and Pujian Bayu are both dormant companies with authorised share capital of RM400,000 each, with a paid-up share capital of RM2 each.
Puncak Niaga acquired 100% of the total issued and paid-up share capital of both companies at a cash consideration of RM2 each. Both companies will remain as dormant companies for the time being.