Harn Len to acquire 100% stake in Almal Resources for RM54.72mil

KUALA LUMPUR: Harn Len Corp Bhd is acquiring 100 per cent equity interest in Almal Resources Sdn Bhd (ARSB) from Datuk Mohamed Nizam Mohamed Jakel for RM54.72 million.

In a statement today, Harn Len said the purchase consideration would be satisfied via the issuance and allotment of 31.27 million new shares of the company and a cash consideration of RM32.83 million.