Unitrade invests in metal recycling

PETALING JAYA: Unitrade Industries Bhd has entered into a share sale agreement with Intergreen Holdings Sdn Bhd, Intergreen Corp (M) Sdn Bhd and Pong Wing Seng to acquire 51% stake in Intergreen Metals Sdn Bhd for RM66.3mil

In a statement, Unitrade managing director Nomis Sim Siang Leng said the proposed acquisition would complement and synergise with its core operations in building materials wholesaling and distribution.“By venturing into metal recycling, we are penetrating the circular economy market and promoting responsible consumption through optimisation of material usage,” he said.