Tiong Nam told Bursa Malaysia the subscription will dilute its stake in TPSB from a wholly-owned subsidiary to a 49%-owned associate company.
PETALING JAYA: Tiong Nam Logistics Holdings Bhd
has entered into a shareholders agreement with Create Fortune Enterprise Sdn Bhd.
The deal will see the subscription by Create Fortune of 5.2 million new shares, representing an additional 51% of total issued shares, in Terminal Perintis Sdn Bhd (TPSB) for RM36.7mil.
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