DRB-Hicom buys remaining SEMSB stake

DRB-Hicom said SEMSB owns two properties located in strategic areas.

PETALING JAYA: DRB-Hicom Bhd is acquiring the remaining 30% stake in Scott & English (M) Sdn Bhd (SEMSB) from Arah Kiara Sdn Bhd for RM20mil.

In a filing with Bursa Malaysia, DRB-Hicom said the acquisition was done via its wholly-owned subsidiary, Hicom Holdings Bhd (HHB), making SEMSB a wholly-owned subsidiary of HHB.