DRB-Hicom to buy over Gading Sari for RM72mil


PETALING JAYA: DRB-Hicom Bhd unit KL Airport Services Sdn Bhd (KLAS) will acquire air cargo player Gading Sari Aviation Services Sdn Bhd from a group of shareholders for RM72mil cash, or RM4.80 per Gading Sari share.

The vendors are Tengku Abdullah Sultan Ahmad Shah (45%), Vescargo Sdn Bhd (35%), Tengku Azman Ibni Almarhum Sultan Abu Bakar (10%), Tengku Datuk Zafrul Tengku Abdul Aziz (5%) and Raja Datuk Mufik Affandi Raja Khalid (5%).

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Gading Sari , DRB Hicom

   

Next In Business News

KL Sentral Station redevelopment project to commence year-end - Loke
Malaysia's March manufacturing sales value grows 1.4% to RM158.4bil
Oil set for weekly gain as demand signs, geopolitics seen as positives
Asia stocks rally on renewed global rate cut optimism
Daiso invests RM1bil in new global distribution centre
IPI up 2.4% in March 2024 but below forecast
Malaysia end-April palm oil stocks rise 1.85%, MPOB says
FBM KLCI nearly flat at midday
UOB Malaysia's FY23 operating income hits record RM4.6bil, pretax profit RM1.9bil
Bursa Malaysia all-time high indicates Madani framework is building investor confidence

Others Also Read