KUALA LUMPUR: Deleum Bhd
's wholly-owned subsidiary Deleum Services Sdn Bhd has purchased an additional 16% stake in gas turbine supplier Turboservices Sdn Bhd from Solar Turbines International Company for RM7.34mil.
In a filing with Bursa Malaysia, Deleum said the transaction will increase its stake in Turboservices to 90% from the current 74%.
The balance 10% equity in Turboservices will continue to be held by Solar Turbines International.
The group said the acquisition will facilitate increased control over Turboservices' operations and simplify its management.
