Bintai Kinden receives shareholders approval to acquire Johnson Medical

KUALA LUMPUR: Bintai Kinden Corp Bhd has received the nod from shareholders at its extraordinary general meeting to acquire 100% equity interest in Johnson Medical International Sdn Bhd for RM50mil.

It said in a statement the acquisition will be satisfied via a combination of RM26mil cash and the issuance of about 58.5 million new ordinary shares in Bintai Kinden at 41 sen each.