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.