KUALA LUMPUR: CB Industrial Product Holdings Bhd (CBIPH) has proposed to acquire a 30% stake in Gulf Lubes Malaysia Sdn Bhd (GLM) for RM24mil cash.
In a filing with Bursa Malaysia, CBIPH said it had entered into a share sale agreement with three individuals to acquire 30 million ordinary shares in GLM, representing 30% of the total issued and paid-up capital of GLM.
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