AWC gets nod to acquire Trackwork

AWC also highlighted plans to use Trackworks as a platform to venture into rail asset management.

PETALING JAYA: Engineering services provider AWC Bhd has received shareholders approval for the acquisition of Trackwork & Supplies Sdn Bhd.

AWC will acquire three million ordinary shares in Trackwork, representing a 60% equity interest therein from the sellers for a total purchase consideration of RM43.5mil.