Matrix Concepts unit buys stake in three firms


The proposed acquisitions total RM77.9mil.

KUALA LUMPUR: Matrix Concepts Holdings Bhd’s wholly owned subsidiary, MCHB Development (KV) Sdn Bhd, has entered into three separate share sale and purchase agreements for proposed acquisitions totalling RM77.9mil.

In a filing with Bursa Malaysia, Matrix Concepts stated that its unit acquired 625,000 ordinary shares, representing a 50% equity interest in Horizon L&L Sdn Bhd (HLLSB) from four vendors for a cash consideration of RM48.5mil.

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