Hiap Huat Holdings Bhd has proposed to acquire a 60% interest in petroleum products supplier KL Bunkering (M) Sdn Bhd (KLB) for a purchase consideration of RM2.1 million.
The company — which is involved in scheduled waste management, manufacture of lubricants and paint products, among others — told Bursa Malaysia on Friday that upon completion of the acquisition, KLB will become a subsidiary of the group.
TheEdge15 Dec, 2023 19:25pm - 3 months