PETALING JAYA: Bintai Kinden Corp
Bhd has signed a memorandum of understanding (MoU) to acquire Johnson Medical International Sdn Bhd in a bid to expand its healthcare business.
In a statement yesterday, the company said it has signed the MoU with a vendor Yeo Eng Lam (pic) to acquire three million ordinary shares, representing 100% equity interest in Johnson Medical for RM50mil.
Bintai Kinden said the proposed acquisition would be satisfied via a combination of cash amounting to RM26mil and the issuance of approximately 58.54 million new ordinary shares in Bintai Kinden at 41 sen apiece.
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