Handal buying crane company for RM8mil

PETALING JAYA: Handal Energy Bhd is proposing to acquire a 30% stake in crane and lifting solutions provider Tenzin Heavy Machinery (M) Sdn Bhd for RM8mil.

Handal said it had entered into a share sale and purchase agreement with Tenzin’s shareholders, namely, Datin Tee Bee Geok and KSP Vista Sdn Bhd, for the proposed acquisition.