MMAG proposes to buy into Bestinet

PETALING JAYA: ACE Market-listed MMAG Holdings Bhd is proposing to acquire IT firm Bestinet Technology Sdn Bhd (BTSB), as part of its move to participate in the business of BTSB.

In a filing with Bursa Malaysia yesterday, MMAG said it had entered into a heads of agreement (HoA) with JR Joint Resources Holdings Sdn Bhd for the acquisition of shares in BTSB for a purchase consideration to be determined prior to entering into a definitive agreement.