MMAG sells 15% stake in Line Clear to KTG 


KUALA LUMPUR: MMAG Holdings Bhd is selling a 15% stake in Line Clear Express & Logistics Sdn Bhd (LCEL) to KTG Bhd for RM22mil, as part of a strategic partnership for the two companies to grow their delivery business.

Proceeds from the disposal will be utilised to expand the group's logistics business.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MMAG , KTG , Line Clear

Next In Business News

After the ceasefire
End of the RM1 fee tests cashless Malaysia
Hedge funds reopen pre-war playbook
Quiet exodus from UK market
Beds, bets and India travel
Adding value to stocks
Ordered uncertainty in markets
China tests Asean industry
A tough job at troubled�Country Heights
Plantation stocks heat up

Others Also Read