KUALA LUMPUR: Mega First Corp Bhd
(MFCB) is set to acquire 25.79 million ordinary shares in Stenta Films (M) Sdn Bhd (SFM), representing a 12.50% equity interest in the latter, for RM33.10mil.
In a filing with Bursa Malaysia, the company said the acquisition was made pursuant to a share purchase agreement dated Jan 21, between MFCB as purchaser and PT Argha Karya Prima Industry Tbk, Rentak Rimbun Sdn Bhd, Wong Kok Hwa, and Ngoei Boon Liong (collectively referred to as the vendors).
“The additional investment is expected to be completed within 30 days from the date of the agreement, whereupon MFCB’s effective interest in SFM will increase from 75% to 87.5%,” MFCB said. — Bernama
