Citaglobal to sell 20% Manjaran stake to Berjaya Property for RM 50 million in shares

• Citaglobal agreed to sell its entire 20% stake in Manjaran to Berjaya Property for RM 50 million.
• Payment comprises 178,571,429 new Berjaya Property ordinary shares at RM 0.28 each, giving the seller a 3.39% stake.
• The deal values Manjaran at RM 250 million, a 25% uplift over its acquisition valuation; estimated disposal gain is RM 13.39 million.
• The group may remain involved in the Perlis Maritime Corridor as an engineering, procurement, construction and commissioning contractor without further equity contributions.
• The agreement, dated October 26, 2026, targets completion by year-end, conditional on Berjaya Property completing its Manjaran subscription.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citaglobal Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3718652) on October 26, 2026, and is solely responsible for the information contained therein.