KUALA LUMPUR: CEKD Bhd has entered into a share purchase agreement (SPA) with Tham Choon Sarn for the acquisition of an 82% stake in Worldwide Die Cutting Mould Sdn Bhd for RM6.23mil.
Worldwide is principally engaged in all kinds and types of mould, tools and dies and other related activities.
In a Bursa filing, CEKD said the proposed acquisition will be funded by internally generated funds from the current business operations of the company.
“The board of directors is of the opinion that the proposed acquisition is for a business expansion plan.
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