PETALING JAYA: Kulim (M) Bhd is proposing to acquire a 60% equity interest in Danamin Sdn Bhd and subscribing 2.4 million new shares in the latter for RM12.89mil cash.
Kulim told Bursa Malaysia yesterday that the proposals would provide it with the opportunity to add to its stable of companies a new business entity with established involvement in the oil and gas sector with a potential to be developed into a new core business.
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