KUALA LUMPUR: Ancom Logistics Bhd (ALB) is acquiring S5 Holdings Inc – a global integrated security solutions provider – under a corporate exercise which will ultimately see a reverse takeover of ALB.
In a statement to Bursa Securities on Thursday, ALB said it had entered into a heads of agreement with the vendors – S7 Holdings Sdn Bhd, Merrington Assets Ltd, MY E.G. Bhd's unit MY E.G. Capital Sdn Bhd (MYEG Capital) and Avocat Sdn Bhd.
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