SCGM to acquire Eramas Global to regularise cash company status

PETALING JAYA: SCGM Bhd is proposing to acquire Eramas Global Group Sdn Bhd as part of its overall regularisation plan to regularise its condition as a cash company.

In a filing with Bursa Malaysia, SCGM said it had entered into a heads of agreement to acquire Eramas from Chin Kok Tian, Yan Hua Lan, Tan Ah Tek, Gan Chuan Lee, Tey Chee Shin, Tan Tai Chong and Lau Sie Khian at a price to be determined later.