PETALING JAYA: Government-linked private equity fund management company Ekuiti Nasional Bhd (Ekuinas) has invested about RM400mil to acquire majority stakes in two companies to expand its oil and gas (O&G) and food and beverage (F&B) portfolios.
In a statement, Ekuinas said that it would acquire up to a 95.5% stake in Orkim Sdn Bhd, a clean petroleum product tanker company, for RM346.3mil and a 60% stake in Coolblog Sdn Bhd, a homegrown franchised desserts and beverages specialist, for RM50.8mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!