Ekuinas buys majority stakes in Tranglo, Tenby for RM124mil

PETALING JAYA: Government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas), which is eyeing a listing of its education arm by year-end, has bought majority stakes in mobile transaction gateway services provider Tranglo Sdn Bhd and international and private school chain Tenby Educare Sdn Bhd for a total of RM124mil.

Ekuinas said in a statement that RM54mil was paid for a 60% stake in Tranglo and RM70mil for a 70% stake in Tenby.

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Business , Ekuinas , education , ilmu


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