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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Mitsui , PKT , Logistics , OSK , Lines , stocks , shares ,

Next In Business News

Able Global's intraday short-selling suspended
AirAsia X reports 20% increase in passengers carried in 4Q24
Ringgit opens firmer against greenback as DXY remains muted
Blue chips rally expected to continue after short breather
Trading ideas: MAHB, Binastra, Privasia, Capital A, IJM, Mah Sing, MPI, Cape EMS, KGW, Steel Hawk, Pavilion REIT, Carlsberg, Heineken
Oil sinks after Trump calls Putin, Zelenskiy to end Ukraine war
S&P 500 ends down on hot US inflation data
EPF denies misconduct in MAHB shares
Carlsberg Malaysia declares record dividend
Auto segment to buoy Sime Darby’s earnings

Others Also Read