Malaysian Industrial Development Finance Bhd is now a wholly owned subsidiary of Malaysia Building Society Bhd following Permodalan Nasional Bhd’s acquisition of MIDF for RM1.01 billion.
Widad Group Bhd, in a response to a Bursa Malaysia query, said it was not aware of any corporate development relating to the group’s business that has not been previously announced that may account for the activity, including those in the negotiation stage or discussion for several business proposals which were still under preliminary discussions.
