PETALING JAYA: Straits Inter Logistics Bhd’s acquisition of 55% stake in fellow bunker player, Tumpuan Megah Development Sdn Bhd, for RM35.75mil has been approved by Bursa Malaysia.
In a filing with the local bourse, Straits said Bursa had approved the listing of 116.46 million consideration shares for the proposed acquisition, along with 36.79 million shares for its private placement.
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