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Gabungan AQRS Bhd's Subsidiary To Acquire Stake In Associated Concrete Products (Sabah) Sdn Bhd


Wednesday, 6 Mar 2013 05:02am EST 

Gabungan AQRS Bhd announced that its subsidiary, Sinajasa Sdn Bhd (Sinajasa), had on March 6, 2013, entered into Share Sale Agreement with Sabah Economic Development Corporation, a body corporate incorporated under the provision of the Sabah Economic Development Corporation Enactment (Sabah) No. 21 of 1981(SEDCO or Vendor) for the acquisition of 2,940,000 ordinary shares of MYR 1.00 each representing 49% of the total issued and paid up share capital of Associated Concrete Products (Sabah) Sdn Bhd (ACPS) from the Vendor for a total cash consideration of MYR 3,469,200.00. ACPS is engaged in manufacturing and supply of precast concrete products. 

Company Quote

1.59
-0.04 -2.45%
22 Aug 2014