Japanese, South Koreans may buy stake in Century Logistics

Deal in the making: Main shareholder Datuk Richard Phua (inset) may divest part of his stake to foreign buyer. Teow Choo Hing is likely to remain MD.

PETALING JAYA: Century Logistics Holdings Bhd is in talks with parties from South Korea and Japan looking for a strategic tie-up for access into the Malaysian market, sources say.

The deal, sources said, may include equity participation by one of these foreign parties into the Malaysian integrated logistics services provider, although it is unclear how big a stake could be involved.