Signature International to acquire 51% stake in Space Alliance for RM15.3mil cash

Chiau Haw Choon

KUALA LUMPUR: Signature International Bhd has proposed to acquire 765,000 ordinary shares or 51% equity interest in Space Alliance Contracts Sdn Bhd for RM15.3mil cash to expand into a full-fledged design and build interior fit-out company.

In a filing with Bursa Malaysia, Signature said it had signed a conditional share sale agreement with Chang Chung Fei and Ng Mun Moh to acquire 15.3% and 35.7% respectively in Space Alliance.