KUALA LUMPUR: Powerwell Holdings Bhd
has proposed to acquire a 51% stake in Firerex Technology Sdn Bhd (FTSB) and Brandrich Fire Solutions Sdn Bhd (BRSB) for a total of RM4.23mil.
In a filing with Bursa Malaysia, Powerwell said it entered into two share sale agreements with Lai Cheng Kuan and Tai Kwang Tong to acquire a 51% stake in FTSB and BRSB for RM2.96mil and RM1.26mil, respectively.
