KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) is venturing into the mattress business by buying a 60% stake in the King Koil mattress brand licensing business.
KPS said in a statement to Bursa Malaysia it would acquire the stake in the licensing business in Kaiserkorp Corp Sdn Bhd for US$28.8mil or RM115.93mil cash.
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