In its filing with Bursa Malaysia yesterday, the energy company said it had entered into a share sale agreement with Sabaka Group Sdn Bhd for the proposed acquisition, expected to be completed by the second quarter of 2021.
PETALING JAYA: Kumpulan Powernet Bhd (Kpower) is making a foray into the logistics business with its proposed acquisition of a 51% stake in chemical and gas logistic transportation and forwarding services company, Chemtrax Sdn Bhd, for RM10mil cash.
In its filing with Bursa Malaysia yesterday, the energy company said it had entered into a share sale agreement with Sabaka Group Sdn Bhd for the proposed acquisition, expected to be completed by the second quarter of 2021.
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