KUALA LUMPUR: Kronologi Asia Bhd (KAB) has entered into a conditional sale and purchase agreement with Desert Streams Investments Ltd to acquire the latter's entire stake in Sandz Solutions (Singapore) Pte Ltd, comprising three million ordinary shares for RM75mil.
In a filing with Bursa Malaysia, the enterprise data management (EDM) firm said the proposed acquisition would complement the group's existing business segments and allow it to expand existing businesses, thus enhancing its financial performance and position.