LSH Capital to acquire LSH Best for RM3.5mil

Tan Sri Lim Keng Cheng

KUALA LUMPUR: Lim Seong Hai Capital Bhd (LSH Capital) has entered into a share sale agreement with Lim Seong Hai Resources Sdn Bhd to acquire the entire issued share capital of LSH BEST Builders Sdn Bhd for a total cash consideration of RM3.5 million.

LSH Capital non-executive chairman Tan Sri Lim Keng Cheng said the proposed acquisition would allow the group to streamline and expand its technical expertise and capabilities in the construction industry.