PETALING JAYA: Pension fund Kumpulan Wang Persaraan (KWAP) and private equity fund Tremendous Asia Partners Group (TAP) are taking a combined 60% stake in food and confectionery manufacturer Munchy Group.
In a joint statement, KWAP and TAP said yesterday that they would acquire a 30% stake in Munchy Food Industries Sdn Bhd (MFI) and MFI Labuan Ltd (MFIL) for an undisclosed amount.
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