Ge-Shen acquires 60% stakes in ARD and ATSCM for RM13.5mil cash

KUALA LUMPUR: Ge-Shen Corp Bhd has entered a non-binding term sheet to acquire 60% stakes each in Amity Research & Development Sdn Bhd (ARD) and Amity Technical Services & Consultancy (M) Sdn Bhd (ATSCM) for RM13.5mil cash.

ARD is an engineering and consultancy services provider in the E&E industry while ATSCM is a manufacturer specialises in printed circuit board assembly (PCBA),