Corporate News

Japan's KITZ Corp buys big stake in Unimech at a premium

KUALA LUMPUR: Japanese valve maker KITZ Corp is buying a 25.1% stake in Unimech Group Bhd from its major shareholders for RM61.9mil cash.

Shares in Unimech climbed 3 sen at RM1.44 on Tuesday before the deal was announced after the stock market closed.

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RM 12.33/month

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Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Unimech , KITZ

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