KUALA LUMPUR: KUB Malaysia Bhd
via its wholly-owned subsidiary KUB Agro Holdings Bhd has entered a deal to purchase 2.6 million shares or 40% equity interest it does not already own in KUB Sepadu Sdn Bhd for RM60mil cash.
In a filing with Bursa Malaysia, KUB said its unit had signed a share sale and purchase agreement with outgoing shareholders Medan Sepadu Sdn Bhd and Lembaga Amanah Kebajikan Kaum Melanau Sarawak, which own 30% and 10% of the purchase stake respectively.
