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.

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