T7 Global to take full control of T7 Wenmax for RM39m

T7 Global said on Tuesday its unit T7 Gasetc Sdn Bhd, which owns 51% stake in T7 Wenmax, had proposed to acquire the remaining 49% stake in the latter, from Megaxus Resources Sdn Bhd.

KUALA LUMPUR: T7 Global Bhd is taking full control of T7 Wenmax Sdn Bhd in a RM39.20mil deal which will enable it to recognise full profit contribution from the latter which has an order book of about RM400mil.

T7 Global said on Tuesday its unit T7 Gasetc Sdn Bhd, which owns 51% stake in T7 Wenmax, had proposed to acquire the remaining 49% stake in the latter, from Megaxus Resources Sdn Bhd.