Maybulk proposes to buy EMTS

KUALA LUMPUR: Malaysian Bulk Carriers Bhd (Maybulk) has proposed to acquire E Metall Systems Sdn Bhd (EMTS) for RM70mil cash from Grand East Metal (Kulim) Sdn Bhd and Goh Ting Hong.

In a filing with Bursa Malaysia yesterday, Maybulk stated EMTS is an end-to-end racking systems, logistics storage and retail display solutions provider, offering consultancy services, warehouse system design, supply of metal shelving solutions and installation works to both local and international clients.