Ageson receives LOI worth RM116mil from HK buyer to purchase sand

KUALA LUMPUR: Ageson Bhd, formerly known as Prinsiptek Corp Bhd, said a company based in Hong Kong is planning to buy natural sand from its wholly owned unit Esa Pile Sdn Bhd.

Ageson, in a filing with Bursa Malaysia today, said Esa Pile had received a letter of intent from Boyijun Resources (HK) Ltd to to purchase sand for a contract value of US$26.6mil (RM116.8mil).