PETALING JAYA: Shin Yang Group Bhd
is diversifying its existing business to include automotive dealership, following the acquisition of 100% equity interest in Boulevard Jaya Sdn Bhd and 60% interest each in Boulevard Motor Sdn Bhd, Boulevard Motor (Sabah) Sdn Bhd and Boulevard Motor (Labuan) Sdn Bhd.
In a Bursa filing, the group said the balance for the purchase of Boulevard Jaya amounting to RM24.75mil, which represents about 90% of the total, will be paid in cash to Shin Yang Holding Sdn Bhd, KTE Motors Sdn Bhd and Ling Chiong Sing within the following seven days.
