SMRT proposes to acquire remaining stake in NTS for RM72mil

KUALA LUMPUR: SMRT Holdings Bhd has proposed to acquire 1.80 million ordinary shares in N'osairis Technology Solutions Sdn Bhd (NTS), representing the remaining 36.0 per cent equity interest in NTS from Permata Kirana Sdn Bhd for RM72 million cash.

In a filing with Bursa Malaysia today, SMRT also said that it has proposed to dispose of 69.67 million ordinary shares in its wholly-owned subsidiary, SMR Education Sdn Bhd (SMRE), representing 100.0 per cent equity interest in SMRE, to Special Flagship Holdings Sdn Bhd for RM49.45 million cash.