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

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read