KUALA LUMPUR: WTK Holdings Bhd
has issued a notice of an EGM to seek shareholders’ approval for the proposed acquisitions of 100% stake in Desacorp Sdn Bhd, 70% stake in Imbok Enterprise Sdn Bhd and 70% stake in WTK Oil Mill Sdn Bhd (WTK OM) from related party WTK Realty Sdn Bhd for a total cash consideration of RM555mil.
In a statement, the Sarawak-based diversified group said the proposed acquisitions are part of its strategic restructuring to improve earnings quality and sustainability.
