Gets Global shares flat on plans to buy Putrajaya public transport co
13 Oct 2017 / 12:14 H.
PETALING JAYA: Gets Global Bhd's share price remained flat at 23 sen this morning, despite announcing its plans to buy a public transport service provider in Putrajaya.
At 11.36am, the stock stood at 23 sen with 261,000 shares changing hands. Its market capitalisation stood at RM28.98 million.
Yesterday, the group said its unit Konsortium Bas Ekspres Semenanjung (M) Sdn Bhd had entered into a memorandum of understanding with Putrajaya Leisures & Services Group Sdn Bhd (PULSE), with the intention to enter into mutual discussions relating to the proposed acquisition of a 79.99% stake in Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd (PAPIT) for RM1.00.