MMAG to buy 80% stake in MJETS


In a filing with Bursa Malaysia, MMAG said the proposed acquisition was in line with the group’s initiatives to grow and expand its supply chain management and courier and logistics business.

KUALA LUMPUR: MMAG Holdings Bhd has proposed to acquire 5.69 million shares in M Jets International Sdn Bhd (MJETS) from JT Aerotech Solutions Sdn Bhd (JTAS) for RM21.36mil.

The shares represent 80% of equity interest in MJETS.

In a filing with Bursa Malaysia, MMAG said the proposed acquisition was in line with the group’s initiatives to grow and expand its supply chain management and courier and logistics business. There has been a surge in demand for e-commerce, it said. — Bernama

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