Chin Well gets Bursa nod for Vietnam subsidiary stake buy

KUALA LUMPUR: Chin Well Holdings Bhd, a carbon steel fastener manufacturer, has obtained the green light from Bursa Malaysia Securities for the acquisition of the remaining 40% in its Vietnam subsidiary, Chin Well Fasteners (Vietnam) Co Ltd (CW Vietnam).

Chin Well had in November 2014 proposed to acquire the remaining 40% interest in CW Vietnam by acquiring the entire share capital of Asia Angel Holding Ltd, which owns the 40% stake in CW Vietnam.