GEORGE TOWN: Wah Seong Corp Bhd shareholders have approved the acquisition of a 49% stake in Alam-PE Holdings (L) Inc (Alam-PE) from CIMB Private Equity Sdn Bhd for RM106mil.
"Assuming there are no changes to Alam-PE earnings of about RM34mil last year, we expect it to contribute about RM15mil to RM17mil to Wah Seong's bottom line," he told reporters after the group's extraordinary general meeting on Friday.
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