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Zelan Bhd Announces Disposal Of 3,692,000 Ordinary Shares Of RM1.00 Each In IJM Corporation Berhad

Monday, 1 Jul 2013 05:21am EDT 

Zelan Bhd announced that on June 27, 2013 disposed of 3,692,000 ordinary shares of RM1.00 each in IJM Corporation Berhad (IJM) (the Sale Shares) through direct business transaction off market deal at an average disposal price of RM5.56 per share for a total consideration of RM20,464,737.44 (the Disposal). The proceeds from the Disposal will be utilised primarily towards repayment of bank borrowings. The Disposal was completed on June 27, 2013. 

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4:57am EDT