Mitsui OSK Lines buys 20.9% stake in PKT Logistics


Big investment: A file picture showing PKT group chief executive and managing director Datuk Michael Tio pointing to The 12 Waves warehouse in Batu Kawan Industrial Park in Penang.

TOKYO: Mitsui OSK. Lines Ltd (MOL) has acquired a 20.9% stake in PKT Logistics Group Sdn Bhd (PKT), a leading Malaysian logistics company.

In a press release, MOL said the acquisition would provide it with an opportunity to significantly enhance its operational capabilities in Malaysia, by leveraging the synergies between MOL Logistics (Malaysia) Sdn Bhd.

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Business , Mitsui , PKT , Logistics , OSK , Lines , stocks , shares ,

   

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