KUALA LUMPUR: SIA Engineering Company Ltd will emerge as a strategic partner in Pos Malaysia Bhd
's aircraft maintenance and engineering business following the Singapore company's proposed purchase of a 49% stake in the unit.
Pos Malaysia's subsidiary Pos Aviation Sdn Bhd has entered into a share purchase agreement and a shareholders' agreement with SIA Engineering for the sale in Pos Aviation Engineering Services Sdn Bhd, for a cash consideration of RM10.09mil
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