PETALING JAYA: Exsim Borneo Sdn Bhd has agreed to acquire a 52.5% stake in WMG Holdings Bhd
from Syarikat Kretam (Far East) Holdings Sdn Bhd for RM75.12mil cash or 16.5 sen per WMG share.
In a filing with Bursa Malaysia, WMG noted that Ben Kong Chung Vui, a person acting in concert with Exsim, has proposed to buy an additional 17.5% in WMG from Syarikat Kretam for RM25mil, also at 16.5 sen per share.
