Propel Global to acquire 51% stake in Best Wide Engineering for RM7.82mil

Propel Global group chief executive officer Angeline Lee

KUALA LUMPUR: Propel Global Bhd has entered into a conditional share sale agreement to acquire a 51% stake in Best Wide Engineering (M) Sdn Bhd (BWE) for RM7.82mil.

The oil and gas support services provider said BWE is an oil and gas engineering firm. Its shareholders are Azizi Alias with 45.8% equity interest, Jasniazrin Shah Mohd Hata with 44.2% equity interest and Tan Siew Lee with 10.0% equity interest.