Reneuco acquires Adat Sanjung for RM90mil

KUALA LUMPUR: Reneuco Bhd has proposed to acquire Adat Sanjung Sdn Bhd (ASSB) for RM90mil from OHP Ventures Sdn Bhd (OVSB).

In a filing with Bursa Malaysia, Reneuco said its wholly-owned subsidiary Reneuco RE Sdn Bhd had entered into a conditional share sale agreement (SSA) with OVSB to acquire 10,000 ordinary shares in ASSB, representing the entire equity interest of the company.