Maybulk to acquire E Metall Systems for RM70mil

KUALA LUMPUR: Malaysian Bulk Carriers Bhd (Maybulk) has proposed to acquire E Metall Systems Sdn Bhd) (EMTS) for RM70mil cash.

In a filing with Bursa Malaysia, Maybulk said it had entered into a share sale agreement with Grand East Metal (Kulim) Sdn Bhd and Goh Ting Hong (collectively vendors) for the acquisition of one million ordinary shares in EMTS, representing the entire equity interest in EMTS.