Silver Ridge to take up equity in Exarex

PETALING JAYA: Silver Ridge Holdings Bhd is in talks to buy a substantial and controlling equity interest in Exarex Sdn Bhd.

In a filing with Bursa Malaysia, the telecommunications infrastructure company noted it has inked a memorandum of understanding with Khiah Hock Leong and Nik Mohammed Nazarullah, the vendors of Exarex, to discuss and finalise the terms and conditions of the proposed acquisition.