PETALING JAYA: Timber company Mangium Industries Bhd is proposing an acquisition of Ramajuta (Sabah) Sdn Bhd and its assets for RM240mil to be satisfied via the issuance of ordinary shares of RM1 each in Mangium.
In an announcement Wednesday, Mangium said it had entered into a Memorandum of Understanding with Ramajuta in which the company would acquire Ramajuta with Sagajuta (Sabah) Sdn Bhd together with its principal assets.
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