KUALA LUMPUR: Bintai Kinden Corp Bhd has received the nod from shareholders at its EGM to acquire 100% equity interest in Johnson Medical International Sdn Bhd for RM50mil.
It said in a statement that the acquisition would be satisfied via a combination of RM26mil cash and the issuance of 58.5 million new ordinary shares in Bintai Kinden at 41 sen each.
The move will allow the group to expand its existing customer base and widen its mechanical and electrical engineering service offerings.
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