PETALING JAYA: Avangaad Bhd, formerly known as E.A. Technique (M) Bhd, is proposing to acquire marine service provider Bumi Jaya Shipcare Sdn Bhd and two tugboats (Vessel PW Tekun and Vessel Bumi Jaya) for RM49mil.
In a filing with Bursa Malaysia, Avangaad said it has inked a term sheet with Johor Ship Care Sdn Bhd, Impresif Rezeki Sdn Bhd, Ben Bakar Abdullah and K Sugumaran Kolanthai, who are the vendors of the proposed acquisition of the aforementioned assets.
