Meta Bright to acquire 70% stake in Expogaya for RM28.04mil

KUALA LUMPUR: Meta Bright Group Bhd has proposed to acquire a 70 per cent equity interest in Expogaya Sdn Bhd for RM28.04 million, to be fully settled via internally generated funds.

In a filing with Bursa Malaysia today, Meta Bright said the proposed acquisition entails a subscription of 500,000 new shares which will be settled via a cash consideration of RM5 million and the acquisition of 2.02 million existing Expogaya shares worth RM23 million.