PETALING JAYA: Seal Incorporated Bhd
has proposed to acquire a 20% equity interest in loss-making MSR Green Energy Sdn Bhd, a solar panel installer, for RM8.7mil.
The group also looks to subscribing about 1.06 million irredeemable convertible preference shares in MSR Green Energy for RM6.3mil. In total, Seal will be investing RM15mil.
