MYEG raises stake in S5 with RM86.5mil share purchase

KUALA LUMPUR: My EG Services Bhd's unit MY EG Capital Sdn Bhd has entered into a share sale agreement with S7 Holdings Sdn Bhd for the purchase of an additional 118 million shares or 10% stake in S5 Holdings Inc for RM86.5mil, bringing its total interest in the company to 20%.

In a bourse filing, MYEG said S5 is a global integrated security solutions provider, delivering real solutions and quantum-leap advances to both governments and enterprises.