KUALA LUMPUR: Maybank through its wholly-owned subsidiary, Aseam Credit Sdn Bhd (ACSB), has proposed to acquire a 44.6% stake in Kim Eng Holdings Ltd today at S$3.10 per share, amounting to S$798mil (approximately RM1.9bil).
It entered into conditional sale and purchase agreements with Ronald Anthony Ooi Thean Yat and Yuanta Securities Asia Financial Services Ltd for the acquisition of 15.4% and 29.2% stakes respectively in Kim Eng.
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