KPB proposes to acquire 100% equity interest in SCCS for RM20mil


KUALA LUMPUR: Kuching Plywood Bhd (KPB) plans to acquire 100 per cent equity interest in Sing Chew Coldstorage Sdn Bhd (SCCS) for a cash consideration of RM20 million.

In a filing with Bursa Malaysia today, WTK Holdings Bhd, a wholly-owned unit of KPB, said KPB has entered into a share sale agreement with TMC Importer & Exporter Sdn Bhd (TMC) for the proposed acquisition.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Bursa reprimands, fines, suspends Hazni Othman
No changes in Bursa Malaysia’s December review
Mulpha International CEO retires
Bursa ends lower as market sentiment turns cautious
DRB-Hicom to pay US$111mil for Spirit Aerosytems
DRB-Hicom finalises US$110.62mil Spirit AeroSystems Malaysia buy
Al-Aqar REIT sells KPJ Healthcare College building for RM12mil
Bursa Malaysia publicly reprimands, fines, suspends Hazni Othman for misconduct, violation of rules
Mulpha International’s CEO retires
BMS Holdings posts RM5.4mil profit ahead of ACE Market debut

Others Also Read