Weekly Industry News

PR1MA says turnaround under way, due diligence to conclude by June

Weekly Industry News

Perbadanan PR1MA Malaysia says its transformation exercise is well on its way and the organisation is working to make it a success.

In a statement yesterday, PR1MA said the due diligence currently being undertaken is expected to be concluded by June.

Last month, Housing and Local Government Minister Zuraida Kamaruddin said PR1MA was “cleaning up” its present “mess” — including debts and outstanding stocks — and that a due diligence report was expected to be completed within two months.

Media Title: The Edge Financial Daily

Date: 9 May 2019

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