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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

OCBC to offer physical gold trading, storage in Singapore
Indonesia's FX reserves slide to two-year low, sparking concern�
US allegations of forced labor refuted
Chipmakers drag South Korea, Taiwan stocks lower as investors unwind AI bets
Liftech to raise RM23mil from ACE Market IPO
Yuan brushes off dollar strength, trade data eyed
Supply crisis to push costs beyond oil prices, whole-of-nation response needed
How a few AI chip giants warped Asia's stock picking game
Bursa Malaysia falls at midday as regional sell-off weighs
Sirim appoints Nik Sazali Nik Hussin as president and group CEO

Others Also Read