Propel Global acquires additional 39% stake in EPCC services firm for RM6.19mil


Propel Global executive director and group CEO Angeline Lee

KUALA LUMPUR: Propel Global Bhd has proposed to acquire an additional 39% stake in Best Wide Engineering (M) Sdn Bhd (BWE) for RM6.19mil.

In a statement, the group said it had entered into a shares sale agreement for the acquisition of the stake in the engineering, procurement, construction, and commissioning (EPCC) services firm, pursuant to a put and call option agreement signed with the vendors.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MARC Ratings affirms Malaysia’s sovereign rating at AAA
FBM KLCI edges higher at midday amid selective buying
Johor Plantations achieves 3-star FTSE ESG rating, joins FTSE4Good index
PNB Merdeka Ventures secures ISO 9001:2015 certification
Japan plans US$189bil new debt issuance in next year's budget, draft shows
Stocks up as markets wind down to bumper year; gold and silver smash records
Logan Paul to sell most expensive Pok�mon card at auction
Saks Mulls bankruptcy after raising billions for turnaround
Dollar set for worst year since 2003 as rate outlooks diverge
PETRONAS seals long-term LNG supply deal with CNOOC

Others Also Read