T7 takes full control of Wenmax

In a filing with Bursa Malaysia yesterday, T7 Global said its unit T7 Gasetc Sdn Bhd, which has a 51% stake in T7 Wenmax, has proposed to buy the remaining 49%.

PETALING JAYA: T7 Global Bhd is taking full control of its subsidiary T7 Wenmax Sdn Bhd for RM39.2mil cash, a deal that will see the company lock in a RM400mil order book.

“T7 Wenmax has a total of 17 active and ongoing projects, and has an outstanding order book of RM400mil, which can sustain its business for four years.