KUALA LUMPUR: YBS International Bhd
has entered into a memorandum of understanding with Allied Technologies Holdings Pte Ltd for the acquisition of the former's precision manufacturing services units.
In a filing with Bursa Malaysia, the group said it will purchase 100% equity in the target companies for a total indicative consideration price of US$38mil, or RM167.2mil, based on the exchange rate of 4.40 as set out in the agreement.
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