KUALA LUMPUR: Instacom Group Bhd has proposed to acquire a 35% stake in construction firm Neata Aluminium (M) Sdn Bhd for RM58.8mil, to be settled via the issuance of new shares, in a move the company says will diversify its earnings base.
Instacom will issue 309.47 million new shares at 19 sen each to Ang Li-Hann and his partners in Neata – Ooi Eng Kean, Nor Mohd Amin Shaharudin and Chia Kok Seng.
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