Southern Score buys 51% stake in SJEE Engineering for RM23mil

Southern Score Builders Bhd executive director and chief executive officer Gan Yee Hin

KUALA LUMPUR: Southern Score Builders Bhd has entered into a conditional share sale agreement (SSA) with Ngo Hea Bing for the acquisition of a 51% stake in SJEE Engineering Sdn Bhd for RM22.95mil cash.

The proposed acquisition entails the purchase by Southern Score of 1.27 million SJEE shares, representing 51% equity interest, it said in a filing with Bursa Malaysia.