DRB-Hicom to buy Spirit Aerosystems Malaysia in deal valued at US$95.2mil


KUALA LUMPUR: DRB-Hicom Bhd has proposed to acquire the entire equity interest in Spirit Aerosystems Malaysia Sdn Bhd (Spirit MY) for a purchase consideration to be determined based on an enterprise value of US$95.2mil.

In a filing with Bursa Malaysia, the conglomerate said its wholly owned subsidiary, Composites Technology Research Malaysia Sdn Bhd (CTRM), had entered into a conditional share purchase agreement with Spirit AeroSystems Inc and Spirit AeroSystems International Holdings Inc for the proposed acquisition.

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

Next In Business News

Malaysia Airports strengthens China connectivity at KLIA, Tawau to support VM2026
HSS Engineers' associate secures RM22mil EPCC job for data centre in Perak
Oil edges up after Trump backs off tariff threat on Greenland
Guan Huat Seng opens slightly lower at 24 sen in ACE Market debut
Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal

Others Also Read