PETALING JAYA: The proposed acquisition of KP Depot Services Sdn Bhd by Swift Haulage Bhd bodes well for the group as it is set to fortify its container depot services amid downside risks.
The integrated logistics service provider’s wholly-owned subsidiary, Swift Integrated Logistics Sdn Bhd, had recently entered into a memorandum of understanding (MoU) with Sowatech Sdn Bhd and KP Port Services Sdn Bhd for the acquisition of the entire equity interest in KP Depot Services.
The acquisition, valued at between RM9mil and RM11mil, would be fully satisfied by way of cash payment.
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