WTK to buy 15% stake in Durafarm

KUALA LUMPUR: WTK Holdings Bhd has proposed to acquire a 15% equity interest in Durafarm Sdn Bhd for RM28.3mil cash.

Its wholly-owned subsidiary, BioFarm Venture Sdn Bhd, has entered into a share sale agreement (SSA) with Datuk Robert Lawson Chuat to acquire 1.57 million shares, representing 11.25% equity interest for RM21.4mil.It also entered into a SSA with Edwin Ak Banta to buy 525,000 ordinary shares in Durafarm, representing 3.75% equity interest for RM7.08mil.