Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: China-based fabric maker Sinotop Holdings Bhd is planning to acquire the entire equity interest in a construction firm controlled by its executive director Datuk Justin Soo for RM165mil.
Soo owns 60% of Asianmax Corp Sdn Bhd.
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