Dream facility: The Waves, a topnotch warehouse facilty at PKT will be contirbuting to CEO Datuk Michael Tio’s dream of a billion-ringgit company.
JAPANESE transport company Mitsui OSK. Lines Ltd (MOL) has completed its acquisition of a 14.27% stake in PKT Logistics Group Sdn Bhd (PKT), thereby increasing its share in the logistics firm to 35.13%.
In a statement on its website, MOL says the additional stake acquisition of PKT shares will strengthen its foothold in Malaysia, as well as its adjacent regions where sustained growth is expected.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
