Enra to acquire assets from MTU Services


The company will then lease the assets back to MTU Services (Malaysia) Sdn Bhd (MSM) for up to a nine-year period at RM3.3mil a year, or 18% of MSM’s annual revenue, whichever is higher, on a triple net rental basis.

PETALING JAYA: Enra Group Bhd has entered into a non-binding indicative offer to acquire assets from MTU Services (Malaysia) Sdn Bhd (MSM) for a consideration of RM60mil.

The company will then lease the assets back to MSM for up to a nine-year period at RM3.3mil a year, or 18% of MSM’s annual revenue, whichever is higher, on a triple net rental basis.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

FBM KLCI slips in early trade on profit taking
Trading ideas: AMMB, QL Resources, KNM, Sime Darby Plantation, Ireka, KPS, Ranhill Utilities
US economy grew slightly, inflation and rates cloud outlook
Wall St preps for year-end stock rally
Loan demand to buoy Malaysia banking sector
Asia factory activity shrinks on lockdowns
Greener textile and garment industry in Vietnam by 2030
Wages in Singapore up despite inflation
Aussie business investment dips in third quarter
Goldman, Commonwealth Bank at odds over rate outlook

Others Also Read