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.

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