CC International Berhad plans to acquire the remaining 41.5% equity interest in its subsidiary, M Property Management Pty Ltd, to strengthen its operational control and align with its growth strategy in the thriving Australian property management industry.

Information on the Target

CC International Berhad (CCIB) is a prominent company focused on various sectors including asset management and investment. It is strategically positioned in the market to capitalize on growth opportunities through investments in high-potential subsidiaries. One such subsidiary is M Property Management Pty Ltd, in which CCIB has sought to increase its ownership stake.

The target of this acquisition is the remaining 41.5% equity interest in M Property Management Pty Ltd (ACN 618 865 008). This subsidiary plays a crucial role in CCIB's portfolio, contributing to its market presence and revenue generation in property management services.

Industry Overview in the Target’s Specific Country

Australia's property management industry has shown significant resilience and growth. With a consistent influx of investments and a stable demand for real estate services, the sector