Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
(KPS) has received shareholders approval to acquire 100% stake in Toyoplas Manufacturing (M) Sdn Bhd and its subsidiaries for RM311.25mil.
KPS said the acquisition was via its subsidiary, Perangsang Dinamik Sdn Bhd.
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