Pennar Industries intimates of merger proposal

Plans to merge Pennar Enviro into Pennar Industries

Pennar Industries announced that the Board of Pennar Industries is evaluating the merger of its subsidiary Pennar Enviro into Pennar Industries. Pennar Industries currently holds 51.03% of the total equity of Pennar Enviro. The proposed merger is intended to position the environment business for further rapid growth. The Company has appointed an advisor for the merger and will be in touch with all major stakeholders regarding this proposition.

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