PETALING JAYA: Investment holding company Cepatwawasan Group Bhd has proposed a reverse takeover of Australia-listed Timah Resources Ltd (TRL) via its wholly-owned subsidiary Cash Nexus (M) Sdn Bhd (CNSB).
Under the proposal, CNSB will dispose of 100% equity interest in its wholly-owned subsidiary Mistral Engineering Sdn Bhd (MESB) to TRL for A$8.5mil (RM24.8mil).
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